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Holt Lunsford Obtains Loan for Phase II of Denton Industrial Park
Holt Lunsford Commercial Investments has obtained $32.7 million for the development of the second phase of Denton Point. First United Bank provided the five-year loan in a deal brokered by JLL. The JLL Debt Advisory team was led by Campbell Roche.
Phase Two of the Denton, Texas, industrial campus will comprise 451,856 square feet across Buildings III, IV and V. Holt Lunsford completed the first two facilities, measuring 242,378 square feet, in the second quarter of 2021 and sold them to Westcore in 2023. The development will be located at 670-710 Masch Branch Road. Downtown Dallas is some 40 miles away, while Dallas Fort Worth International Airport is less than 30 miles away.
Upon delivery, Denton Point III, IV, and V will feature rear-load configurations, 28-—to 32-foot clear heights, 114 total dock-high loading doors, 160-—to 280-foot bay depths and ample parking.
- ◦Development
- ◦Financing
