Holt Lunsford Commercial Investments has secured $32.7 million in funding for the development of Phase II at Denton Point, a industrial campus located in Denton, Texas. The five-year loan was provided by First United Bank and arranged by JLL’s Debt Advisory team led by Campbell Roche.
Phase II will consist of three buildings (III, IV and V) totaling 451,856 square feet. Holt Lunsford completed the first two facilities (measuring 242,378 square feet) in Q2 of 2021 and sold them to Westcore in 2023. The development is situated at 670-710 Masch Branch Road with Downtown Dallas approximately 40 miles away and Dallas Fort Worth International Airport less than30 miles away.
Upon completion, Buildings III-V will offer rear-load configurations with clear heights ranging from28 to32 feet tall. There will be a total of114 dock-high loading doors as well as bay depths between160and280feet deep.Besides ample parking space,the new buildingswill also feature modern amenities for tenants’ convenience.
The article originally published on Connect CRE can be found here: https://www.connect.media/holt-lunsford-obtains-loan-for-phase-ii-of-denton-industrial-park/
