Financing secured for industrial outdoor storage facility in Cedar Hill, TX
JLL Capital Markets arranged the acquisition financing for 1500 High Meadows Way, a 7.54-acre industrial outdoor storage property southwest of Dallas
AUSTIN, Dec. 12, 2024 – JLL Capital Markets announced today that it has arranged the acquisition financing for 1500 High Meadows Way, a 7.54-acre industrial outdoor storage facility in Cedar Hill, Texas.
JLL worked on behalf of the borrower, Apricus Realty Capital, to secure the five-year, fixed-rate loan.
The site, built in 2015, features a 15,023-square-foot industrial service building, which includes a 3,000-square-foot office space and an expansive graveled storage lot. The facility is fully leased on a new seven-year, sale-leaseback agreement with one of the nation’s largest providers of mission-critical traffic management services and equipment.
Located just 16 miles southwest of Dallas, the property sits on 7.54 acres in the rapidly growing Cedar Hill industrial submarket. The area benefits from its proximity to major transportation routes, including Highway 67, facilitating convenient access to the greater Dallas-Fort Worth market.
The JLL Debt Advisory team was led by Senior Director CW Sheehan, Director Kristi Leonard and Analysts Peyton Ackerman and Nate Henderson.
"We're pleased to have helped Apricus Realty Capital secure favorable financing terms as they continue to expand their IOS portfolio across Texas," Sheehan said. "The property's strategic location, coupled with the long-term lease to a quality tenant, made this an attractive investment opportunity."
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 111,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Apricus
Dallas-based Apricus Realty Capital is a boutique commercial real estate investment firm focused on institutional quality industrial/industrial outdoor storage, Class-A office and retail properties. We bring deep experience and extensive market knowledge to the table. Founded in 2021, the 48% female-owned firm is led by an experienced management team with cross-functional expertise in commercial real estate and property investment.