DALLAS, TX – David Turley and Anna Westhoff have arranged acquisition financing of $12,000,000 on behalf of Baker Properties for a FedEx Freight facility in Dallas, TX. The lease, which has the corporate guarantee of parent company Fedex Corporation, features a 15-year term that commenced in March 2009. The loan, which was placed with National Life Insurance Company, for which Cronheim acts as Mortgage Correspondent and Servicing Agent, has a self-liquidating term of 166 months.

The Subject consists of 136,751 square foot FedEx Freight facility located just outside Dallas in Sunnyvale, Texas. Originally a build-to-suit facility for Home Depot in 2001, the Subject was fully refurbished in 2009 and re-leased to FedEx. Fedex Freight is a subsidiary of Fedex Corporation, which is headquartered in Memphis, Tennessee. FedEx Freight provides next-day and second-day less-than-truckload transportation services throughout the United States (including Hawaii and Alaska) and abroad. Overall, FedEx Freight’s fleet consists of about 11,000 tractors and some 26,000 trailers and other pieces of equipment; it operates more than 300 terminals.

The Property is located at 301 Clay Road, approximately 10 miles east of downtown Dallas. The Subject is located approximately ½ mile south of US-80, an east-west highway that intersects with I-30 approximately seven miles west of the Property. I-30 provides direct access into downtown Dallas. The Property is approximately four miles east of Exit 4 on I-635, a major southeast-northwest thoroughfare that provides vehicular access around the Dallas CBD. US-80 combines with I-20 approximately 15 miles east of the Subject. I-20, which runs from Dallas to Birmingham, Alabama, is the among the region’s dominant east-west thoroughfares. The Property is also within 10 miles of I-45, Route 175 and I-35.