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Texas  + Dallas-Fort Worth  + Industrial  |  March 18, 2024
Holt Lunsford raises $100M for N. Texas warehouse projects
Mike Boyd
By: Mike Boyd

Holt Lunsford Raises $100M for N. Texas Warehouse Development

Texas industrial development shows no sign of slowing. And one Texas investor wants to capitalize on it. Holt Lunsford Commercial (HLC) is preparing to close a $100 million fund to fuel more industrial development in North Texas.

The Dallas Business Journal reports HLC plans to use the funding to start purchasing properties and getting them entitled to stay ahead of the competition. The company says it is aggressively buying land and getting right to the entitlement process, which regularly takes between 12 and 18 months.

The population in North Texas continues to grow and HLC thinks those people will be consuming products that need to be stored in warehouses. Recent data from the U.S. Census Bureau highlights the Dallas-Fort Worth area as the nation’s fastest-growing metropolitan area in 2023, with over 150,000 newcomers choosing to settle there.

HLC oversees more than 97 million square feet for private and institutional owners.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.
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