Billingsley Lands $62M for Dallas Industrial Campus
Billingsley Co. has obtained $62.4 million from Allianz Life Insurance for Denton Distribution Center, a newly constructed industrial campus totaling nearly 900,000 square feet in Denton, Texas, public records show. The fixed-rate note refinances the existing construction debt, a $61.4 million loan from Frost Bank, according to the same source.
JLL worked on behalf of the borrower. The Debt Advisory team, which has worked with Billingsley in the past, was led by Dallas office Co-Head & Senior Managing Director Campbell Roche and Director Kristi Leonard, together with Analysts Jordan Buck and Aaron Craig.
Denton Distribution details
Situated on 50 acres at 3333 W. University Drive, Denton Distribution Center came online this year in one of Dallas-Fort Worth’s growing industrial submarkets. The larger building totals 451,384 square feet, while the other one has 448,386 square feet.
The two cross-dock assets are fully leased long-term to a total of five tenants. Both buildings have 32-foot clear heights and suite sizes ranging from 60,000 to more than 250,000 square feet. The larger facility has 120 dock-high doors, while the second warehouse has 106 dock-high doors. George Billingsley of Billingsley Co. handled the development and leasing of Denton Distribution Center.
The location provides accessibility across the Metroplex via Interstate 35. Downtown Dallas is 42 miles away.
Billingsley developments
Billingsley has built more than 9.5 million square feet of industrial space in the Dallas-Fort Worth area, Houston and Chicago. The firm also develops office, retail, mixed-use, multifamily and single-family properties. In total, its portfolio includes more than 10 million square feet of commercial properties and more than 8,500 multifamily units.
Billingsley is also known for its master-planned developments, particularly in the Metroplex. In May 2023, the company began construction on the first phase of Sloan Corners, a 500-acre mixed-use development in Fairview and Allen, Texas. At full build-out, Sloan Corners is expected to be valued at $3 billion and encompass more than 10.6 million square feet of office space, 220,000 square feet of retail space and 6,000 multifamily units.
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