DALLAS – Direct Commercial lender Grand Pacific Financing Co. has officially become licensed to lend in the Great State of Texas, offering up to 80% Loan-to-value (LTV) on residential investments and up to 75% on commercial properties. For construction loans, they provide up to 75% LTV or 80% Loan-to-Cost (LTC), and for land deals, they consider up to 50% financing.

The lender hit the ground running upon landing in the Lone Star State, closing a $1,000,000 Cash Out deal on a commercial strip mall in Katy, Texas in just 3 weeks, along with a $1,300,000 Cash Out Refinance deal on an office building in New Braunfels. They quickly followed this success by closing a $4,060,000 Refinance deal on a retail property located on the incredibly popular South Congress Avenue in Austin, Texas, despite the subject business’ current financial struggles, high LTV, and the investor being out of state.

Grand Pacific’s utilization of payment reserve allows them to work with clients despite their current financial situation. Their Debt Service Coverage Ratio (DSCR) requirement is set at 1.0x, but if it’s below that, they can structure the loan with a payment reserve to further leverage financing.

The lender’s in-house credit committee is composed of a diverse group of seasoned business professionals that understand business owners and investors need quick decision making and fast funding. The committee is involved with the deal starting on day one of the inquiry and can give a response to whether the deal can be made within 24-48 hours.

The company has been in business for over 40 years and lends on a global level, serving not just multiple states in the United States, but also multiple countries in Eastern Asia including Tawain, Thailand, and Vietnam. Grand Pacific is a direct subsidiary of Chailease Holdings Company, which employs over 5,700 bright and motivated individuals worldwide.

If you have an inquiry or any questions about Grand Pacific’s loan programs, you can reach the Texas office by calling (817) 329-5089, or the California office by calling (323) 780-8881. You are also encouraged to visit their website, www.gpusa.com, to learn more about the company’s programs, staff, and history.

In the United States, Grand Pacific is currently lending in California, Texas, and Washington.

California Office: 901 Corporate Center Drive, #300, Monterey Park, CA 91754 (323) 780-8881                        

Texas Office: 6275 West Plano Parkway, #5168, Plano, TX 75093 (817) 329-5089  

Contact Us! Vincent Trinh – Vice President, Marketing Manager www.gpusa.com | (626) 537-0678 | Vincent.Trinh@gpusa.com

 M2G Ventures acquired 211 E. Alpine Road and rebranded the project to ALCO, a 50,000-square-foot mixed-use property in south Austin, marking the company’s second acquisition in Texas’ capital city.

ALCO will be transformed into a hub of creativity and innovation, forging a dynamic commercial space fostering artistic expression and collaboration. Redevelopment is underway, starting with the full rebranding, enhanced landscaping and hardscape, improved parking, along with interior and exterior paint. Other project renovations include upgraded common areas and restrooms, enhanced interior and exterior lighting, storefront upgrades, and public art installations.

The rebrand to ALCO represents a combination of the street names at the intersection of Alpine and Congress, underscoring its strategic geographical advantage of the site which positions businesses for optimal accessibility and connectivity. With easy access to both I-35 and U.S. Highway 290, this infill location provides excellent connectivity to the densely populated interior Austin neighborhoods and to Austin-Bergstrom International Airport via State Highway 71.

ALCO features attractive building characteristics for discerning industrial users including clear heights up to 20’, ample parking, and front-load configuration. With M2G’s strategic renovations and branding efforts, ALCO will also offer a unique environment for showrooms, tech, studios, creative offices, breweries, distilleries, and roasteries in Austin’s highly sought-after 78704 zip code.

The property currently has vacancies available up to 32,000 square feet. Andrew Creixell and Joel Hargett with CSA Realty Group are currently leasing ALCO.

JLL Capital Markets arranged the sale of Quorum II Plaza, a 77,319-square-foot shopping center in Addison, part of the Dallas Fort Worth area in Texas.

JLL represented the seller, Westwood Financial Corporation. The buyer was Last Mile Investments.

Quorum II Plaza, strategically located along Belt Line Rd., benefits from a dynamic consumer base that consistently drives sales. Its proximity to the Dallas North Tollway and I-635 ensures easy accessibility, enhancing its appeal to both visitors and residents. Situated in the heart of Addison, the center enjoys a thriving community that further fuels its commercial environment.

Dallas stands out as a prime destination for real estate and business, ranking as the #3 real estate market and the #1 metropolitan statistical area for projected population growth. With a robust daytime population of 529,000 people within five miles of Quorum II Plaza, the area exudes economic potential. The combination of a low cost of doing business and a high average household income of $121,000 makes Dallas an ideal environment for entrepreneurship and investment.

Quorum II Plaza, built in 1981 and situated on 5.7 acres, boasts a 93% occupancy rate, underscoring its popularity and commercial success. Key tenants, including Verizon, Salata, Tasty Tails and Improv, alongside popular establishments like Sellinger’s Powergolf, Tiff’s Treats and Jimmy John’s, create a diverse tenant mix that attracts a wide array of visitors.

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Directors Adam Howells, Barry Brown and Chris Gerard and Director Erin Lazarus.

The U.S. industrial vacancy rate rose slightly in the fourth quarter of 2024, increasing by 20 basis points to 6.7%, according to Cushman & Wakefield‘s latest research. But in good news, despite the uptick, the rate remains 30 basis points below the 10-year pre-pandemic average, signaling relative market stability.

“Industrial vacancy is likely nearing its peak for this cooling cycle in the coming quarters,” said Jason Price, Senior Director and Americas Head of Logistics & Industrial Research at Cushman & Wakefield, in a written statement. “In the fourth quarter, we observed positive annual absorption in 60% of the 84 markets we track, with eight markets reporting over 5 million square feet of absorption for the year.”

Absorption trends

Net absorption for the fourth quarter measured 36.8 million square feet, up from 33.3 million square feet in the third quarter but down 20% year-over-year.

For the full year, about 135 million square feet of industrial space was absorbed, reflecting challenges related to occupier consolidations and adjustments throughout 2024.

Leasing activity moderates

New leasing activity remained subdued in the fourth quarter, totaling approximately 130 million square feet—a 15.7% decrease compared to the same period in 2023.

Over the course of the year, 591.3 million square feet of deals were transacted, marking a 4.8% decline year-over-year.

The performance of the U.S. industrial market is all relative, though. Despite the slowdown, 2024 ranked as the sixth strongest year on record for new leasing activity. Notable markets included the Inland Empire and Dallas/Fort Worth, which saw 46 million square feet and 45.5 million square feet of leasing activity, respectively.

“We’ve seen growing interest from companies seeking larger buildings to support omnichannel fulfillment strategies,” said Jason Tolliver, President of Logistics & Industrial Services for Cushman & Wakefield, in a statement. “This approach enhances efficiency and customer satisfaction by aligning with e-commerce, wholesale, and retail demands. Forward-deployed stock models are also gaining traction, ensuring quicker delivery times and improved customer experiences.”

Construction and deliveries

New construction deliveries slowed for the second consecutive quarter, with 85.3 million square feet completed in the fourth quarter, a drop of 8% quarter-over-quarter and 48% compared to the previous year.

Of the annual total of 425.5 million square feet, 22% of delivered buildings were build-to-suit projects and 78% were speculative developments.

The South and West regions dominated completions, accounting for 50% and 29% of the year’s total, respectively. However, only four markets exceeded 20 million square feet of completions in 2024, compared to 10 markets in 2023.

The construction pipeline has thinned significantly, with projects under development falling by 36% year-over-year to 290.5 million square feet, the lowest level since the third quarter of 2018. One-third of this total comprises BTS developments, which are expected to help stabilize vacancy rates in the latter half of 2025.

Rent fluctuations

Asking rents increased by 1% in the fourth quarter, reaching $10.13 per square foot. For the year, rents rose by 4.5%, driven by growth in the South (6%) and Northeast (3.8%). Conversely, the West region experienced a 2.3% decline in rents.

Markets such as Raleigh/Durham (-14%), Inland Empire (-14%), and Los Angeles (-13%) saw the steepest decreases, while 69% of markets reported annual rent increases. Of these, 21 markets—primarily in the South—posted gains of 5% or more.

A shift toward growth

After a year of cautious decision-making, the logistics sector appears poised for renewed growth. Tolliver said that companies are investing in optimizing supply chains and diversifying networks to mitigate risks.

“What’s particularly encouraging is the proactive stance of retailers, wholesalers, and 3PLs, who are shaping the market rather than merely reacting to it,” Tolliver said in a statement. “2025 will be a year defined by this strategic bias for action.”

Triten Real Estate Partners acquired a 25-acre site in North Houston,. Triten plans to develop the site into a state-of-the-art industrial development featuring two front-load distribution buildings, totaling 392,650 square feet.

Located at FM 1960 and Kenswick Drive, the site offers immediate proximity to major transportation hubs, including Beltway 8, I-45, and George Bush Intercontinental Airport (IAH), making it an attractive option for logistics and distribution tenants seeking easy access to Houston’s skilled labor force, infrastructure, and the rapidly growing Texas Triangle.

Construction on the FM 1960 distribution center is scheduled to begin in the first quarter of 2025, with project delivery anticipated by Fall 2025.

This land acquisition follows Triten’s recent groundbreaking for a separate distribution center in the North Houston submarket located off Will Clayton Parkway on McKay Road. The 171,000- square-foot facility is designed for mid-size tenants and will include multiple speculative offices, ample dedicated trailer parking, secured truck courts, and twice the number of dock-high doors compared to the industry average. Construction at McKay is scheduled to be complete by Summer 2025.

Provident Industrial ready to break ground on a fully entitled industrial site at 500 E. Bardin Road in Arlington, Texas.

Situated in the heart of the Dallas/Fort Worth Metroplex in the Lower GSW submarket, the site offers unparalleled connectivity, just 17 miles from downtown Fort Worth, 19-miles from DFW International Airport, and 25-miles from downtown Dallas. Its strategic location provides convenient access to I-20 connecting tenants to both I-35W (Fort Worth) and I-35E (Dallas), as well as State Highway 360.

The A20 Logistics Center will be a 161,408-square-foot, state-of-the-art, Class A industrial facility with a ±2,100-square-foot speculative office. Designed for modern industrial users, the facility will feature a 32-foot clear height, 34 dock doors, 2 oversized drive-in doors with ramps, LED lighting throughout the warehouse, and a 130-foot truck court capable of being fully secured.

Scheduled for delivery in Q1 2026, A20 Logistics Center will address the growing demand for new industrial space in the Lower GSW submarket, where construction starts have slowed significantly due to the limited developable land remaining. Provident Industrial’s Managing Director, Case Van Lare, and Director, Chris Martin, are spearheading the development.

A20 Logistics Center is being developed in partnership with Humphreys Capital and  Farmers Bank & Trust. Kurt Griffin, Nathan Orbin, Dalton Knipe, and Weston King of JLL will represent Provident for leasing of the project.