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MDH Acquires 1M-SF DFW Commerce Park
MDH Partners recently acquired a one-million-square-foot Dallas industrial property. The Dallas Business Journal reports that the company used a $258 million loan to purchase portions of the site.
The Commerce 20 industrial park at 4601 and 4951 Langdon Road sits on just over 100 acres. It was developed by Hillwood and houses tenants such as Olam Cotton, Fischer Scientific and Genco.
Hillwood and CBRE have been handling leasing on the property.
Commerce 20 is just one of around 30 buildings that MDH purchased last year. The firm said it acquired more than 9 million square feet across 11 markets including Austin, South Carolina and Orlando. The properties had an average occupancy rate of 99% and average lease term of more than five years.
MDH Partners was founded in 2005.
- ◦Sale/Acquisition
