Affinius Capital LLC today announced that it has originated a loan to finance the ground-up development of Lakeview Business District Phase One, a 1.1 million-square-foot industrial complex in Rowlett, TX. The loan was made to a joint venture between Jackson-Shaw and Compatriot Capital.
“Lakeview Business District offers a remarkable opportunity to provide construction financing just outside of Dallas at the intersection of President George Bush Tollway 190 and Merritt Road in Rowlett, Texas,” said Tom Burns, Managing Director, Affinius Capital “The project is poised to serve the growing population in an area with robust industrial fundamentals adjacent to the Garland market. With a design catering to multiple tenants through versatile space options we are enthusiastic about the prospects of this venture and our collaborative partnership with Jackson-Shaw and Compatriot Capital.”
Lakeview Business District, located at a key juncture in the Dallas-Fort Worth Metroplex, will include five industrial buildings, ranging in size from 88,000 to 417,000 square feet. The project offers direct access to President George Bush Tollway 190 allowing tenants to easily access I-75 (north/south) and I-30 (east/west) to service the greater Dallas metroplex. The development will offer a mix of front/rear load and cross-dock facilities, catering to various tenant needs. Designed to meet the market’s growing demand for smaller, divisible warehouse spaces, the complex addresses a currently underserved segment. Phase one of the project is anticipated to be completed by September 2025.
“Bank OZK is pleased to provide construction financing for this large-scale Class A industrial development that establishes Lakeview Business District as a convenient, flexible and accessible distribution hub,” said Victor Reynoso, Managing Director of Originations at Bank OZK.
About Affinius Capital LLC
Affinius Capital® (previously known as USAA Real Estate and Square Mile Capital Management) is an integrated institutional real estate investment firm focused on value-creation and income generation. With a 40-year track record and $32 billion in net assets under management, Affinius has a diversified portfolio across North America and Europe providing both equity and credit to its trusted partners and on behalf of its institutional clients globally. For more information, visit www.affiniuscapital.com.
About Bank OZK
Bank OZK (Nasdaq: OZK), through its Real Estate Specialties Group (RESG), provides financing on commercial real estate projects throughout the nation. RESG is considered a preeminent, market-leading construction lender focused on senior secured financing for a variety of property types including mixed use, multifamily housing, condominiums, office, hospitality, life sciences, industrial and retail. During the five years ended December 31, 2023, RESG originated $42 billion in new loans. For more information, visit www.ozk.com.
