Developers of a 6,000 acre multi-modal logistics park in Dallas, Texas, The Allen Group, announced today that they have secured a $20 million dollar bridge loan for the recapitalization of 1,031 acres within the Dallas Logistics Hub.

According to a statement made by The Allen Group, the company has received assistance from commercial real estate capital intermediary, Holliday Fenoglio Fowler, L.P. to acquire a 36-month, adjustable-rate loan with the American Bank of Texas.

Commenting on the activity, the Chief Financial Officer for The Allen Group, Ken Howell, said that “Securing this loan is a tremendous statement of support for the Dallas Logistics Hub by American Bank of Texas.”  Howell also remarked that “achieving a financial transaction is tough in today’s capital markets,” and that “American Bank understands the significance of this project and its long term value creation.”

The land assemblage concerned is located within the Dallas Logistics Hub, an Inland Port logistics park adjacent to Union Pacific’s Southern Dallas Intermodal Terminal, a proposed BNSF intermodal facility, four major highway connectors and Lancaster Airport, which is in the planning stage to facilitate air-cargo distribution. The Dallas Logistics Hub which spans across the communities of Dallas, Lancaster, Wilmer and Hutchins, is master-planned for 60 million square feet of distribution, manufacturing, office and retail developments.

Source: Business Wire, Holliday Fenoglio Fowler, L.P. and The Allen Group

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