JLL has brought back David Cooke as Executive Vice President in its Dallas office, marking his return to the firm after nearly two decades. Cooke brings more than 30 years of industry experience, with a background in tenant representation and advisory work for clients with local, multi-market, and national real estate needs. He previously led Cooke Commercial, where he advised clients on complex federal, state, and local tax incentive programs and negotiated significant office, retail, and industrial leases.
Canyon Partners Real Estate LLC announced four executive appointments as the Dallas-based firm continues to scale its real estate platform. The company is expanding amid increased activity across its lending and opportunistic investment businesses. Scott Swisher has been named Managing Director and Head of Western Region Credit Originations, while Adam Ostrowsky becomes Managing Director, Capital Markets. In addition, Scott San Filippo has been appointed Senior Director, Bridge Debt, and Spencer Schlee has been named Managing Director, Head of Opportunistic Equity.
PACE Loan Group closed an $11.6 million C-PACE financing for the Vesgro Data Center in Irving, Texas. The project, led by Dallas-Fort Worth data center developer Infrascale Systems, will convert a vacant 113,406-square-foot industrial-flex property into a 3.0 MW colocation data center. The repositioned facility is expected to deliver approximately 45,000 square feet of raised-floor data hall space. Lone Star PACE, a C-PACE administrator in Texas, facilitated the closing.
Partners Real Estate completed three industrial property sales totaling 113,272 square feet across the Greater Houston area, underscoring continued strength and deal velocity in Texas industrial markets. The transactions include a 43,000-square-foot industrial property at 4725 Lawndale Street in La Marque, Texas; a 55,700-square-foot industrial facility on 4.00 acres at 18913 Phillip Way in New Caney, Texas; and a 14,572-square-foot warehouse on 1.00 acres at 5414 Larkin Street in Houston, Texas.
In a separate capital markets transaction, IPA Capital Markets, a division of Marcus & Millichap (NYSE: MMI), secured $15.3 million in financing for a 60,159-square-foot industrial property in Dallas, Texas. The financing was arranged by managing director Frank Montalto and associate director Ethan Splan from the firm’s Chicago office. The team secured a five-year loan at 75% loan-to-value from a local credit union, with a 6.4% interest rate and a 25-year amortization period.
