Hillwood refinances three Midlothian warehouses with $94M loan from Affinius
JLL Capital Markets arranged the loan on three 2023-vintage warehouses totaling 1.2 million square feet in the Southwest Dallas submarket.
At a glance
Hillwood has refinanced three buildings at Crossroads Logistics Park in Midlothian, Texas, with a $94 million loan, according to Connect CRE.
The collateral, Buildings 1, 2 and 4, totals 1.2 million square feet of Class A warehouse space completed in 2023, which works out to roughly $78 a square foot.
Connect CRE reports the proceeds will support continued leasing at the property.
Hillwood has refinanced three buildings at Crossroads Logistics Park in Midlothian, Texas, with a $94 million loan, according to Connect CRE. Affinius Capital originated the debt; JLL Capital Markets arranged it, led by Trey Morsbach, John Rose, Jarrod McCabe, Ryan Pollack, Chad Lisbeth and Scott Harbert.
The collateral, Buildings 1, 2 and 4, totals 1.2 million square feet of Class A warehouse space completed in 2023, which works out to roughly $78 a square foot. Clear heights run 32 to 40 feet, with 213 dock doors, 282 trailer stalls and 879 auto parking stalls across the three buildings. The park sits at Highway 67 and Highway 287, with direct access to I-20 and I-35 — the Southwest Dallas submarket Connect CRE describes as a super-regional distribution and manufacturing corridor.
Connect CRE reports the proceeds will support continued leasing at the property. Affinius manages $30.4 billion in regulatory assets, per PRED's records. Equus secured the $718.2 million floating-rate package on 52 Phoenix industrial properties, as this publication reported.
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