Harbor Capital Picks Up 20-Warehouse Denton Business Park

Harbor Capital acquired the Corbin Industrial Park, a 20-building, 606,911-square-foot industrial campus in Denton. Mar-Properties sold the portfolio.

Commercial Edge reports Argentic Investment Management provided a $38.7 million acquisition loan. Nineteen Blocks was equity placement partner, while Newmark Capital Markets sourced the debt. Frazier Commercial Real Estate brokered the deal and will continue to oversee the leasing efforts.

The Class B campus came online in two phases—in 2005 and 2014. The buildings average 30,346 square feet and have 24-foot maximum clear heights, dock-high loading doors and drive-in doors, and 700 parking spaces. The property also provides industrial outdoor storage space.

The industrial park is at 5000 Shelby Lane, close to Interstate 35W and less than 2 miles from the Denton Enterprise Airport. Downtown Fort Worth is within 36 miles, while the DFW International Airport is 30 miles away.