Construction financing secured for industrial park in Denton, Texas
JLL Capital Markets arranged the financing for Denton Point III, IV and V, a to-be-built, Class A industrial park
DALLAS, Aug. 19, 2024 – JLL Capital Markets announced today that it has secured construction financing for the development of Denton Point III, IV and V, a to-be-built, Class A industrial park located in Denton, Texas.
JLL worked on behalf of the borrower, Holt Lunsford Commercial Investments, to secure a five-year loan from First United Bank.
Totaling 451,856 square feet, the three industrial buildings will feature rear-load configurations, 28-foot to 32-foot clear heights, 114 total dock doors, bay depths ranging from 160 feet to 280 feet, ample parking and brand-new public road infrastructure surrounding the development.
The development site is situated within the Denton industrial submarket, one of the most in-demand submarkets in the Dallas-Fort Worth metroplex. Upon completion, the properties will be conveniently located just 1.8 miles from the convergence of I-35E and I-35W, providing direct trucking routes to both Dallas and Fort Worth. Additionally, the development’s proximity to Highway 380 rounds off its excellent access to the entire metroplex.
The JLL Debt Advisory team was led by Senior Managing Director Campbell Roche, Senior Directors Will Mogk and Tom Weber, Associate Luke Rogers and Analyst Jordan Buck.
According to JLL’s Q2 Dallas-Fort Worth Industrial report, the market’s demand from leasing activity experienced a 25.1% increase quarter-over-quarter, totaling over 12 million square feet.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
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About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
About Holt Lunsford Commercial Investments
Since its establishment in 1993, Holt Lunsford Commercial Investments (“HLCI”) has cultivated its reputation as a values-based, market-leading commercial real estate investment firm with a proven history of success. HLCI’s vertically-integrated investment approach has been strategically designed to provide superior risk-adjusted returns to its investors and partners across a diverse range of opportunities. HLCI’s sponsor contribution serves as a testament to their unwavering commitment to maximize each investment opportunity.
Over its more than 30-year history, HLCI has amassed a track record of over $2.5 billion of commercial real estate acquisitions and developments across several asset classes, including industrial, multi-family, office, and retail.
About First United Bank
Established in 1900, First United Bank has more than 85 bank, mortgage and insurance locations throughout Texas and Oklahoma. It is among the largest privately held community banking organizations in the U.S. with assets of more than $16 billion. First United Bank provides a full range of financial services including banking, mortgage, insurance, and investment products and services, and is dedicated to inspiring and empowering others to Spend Life Wisely®. Learn more at firstunitedbank.com.