Portfolio Sale is Result of HLCI’s Fund I with 3M SF of Industrial

Holt Lunsford Commercial Investments (HLCI) recently sold a five-project portfolio to Boston-based TA Realty. The sale includes 700,000 square feet of shallow bay industrial development in major distribution submarkets across North Texas including Lewisville, Carrollton, McKinney and Richardson. Each of the assets, previously owned and developed by HLCI, broke ground in late 2020 and were delivered between May and August 2021.

“Infill industrial development has been a key part of our strategy over the last 12 months,” said Todd Marchesani, vice president of development for HLCI. “The industrial market is a top-performing sector and we have seen growing demand for infill locations due to proximity to population density.”

The portfolio sale is a product of HLCI’s Fund I, a discretionary fund it has nurtured in the past three years that has acquired 1.1 million square feet and developed 2.2 million square feet of shallow bay industrial. HLCI also closed on its Fund II in June 2020, a strictly industrial discretionary fund that seeks to invest in multiple markets across the sunbelt states. Fund II is already fully allocated and includes seven new developments, the first of which broke ground in October 2021.