JLL Capital Market secured construction financing for the development of Denton Point III, IV and V, a to-be-built, Class-A industrial park in Denton, Texas.
JLL worked on behalf of the borrower, Holt Lunsford Commercial Investments, to secure a five-year loan from First United Bank.
Totaling 451,856 square feet, the three industrial buildings will feature rear-load configurations, 28-foot to 32-foot clear heights, 114 total dock doors, bay depths ranging from 160 feet to 280 feet, ample parking and brand-new public road infrastructure surrounding the development.
The development site is situated within the Denton industrial submarket, one of the most in-demand submarkets in the Dallas-Fort Worth metroplex. Upon completion, the properties will be conveniently located just 1.8 miles from the convergence of I-35E and I-35W, providing direct trucking routes to both Dallas and Fort Worth. Additionally, the development’s proximity to Highway 380 rounds off its excellent access to the entire metroplex.
The JLL Debt Advisory team was led by Senior Managing Director Campbell Roche, Senior Directors Will Mogk and Tom Weber, Associate Luke Rogers and Analyst Jordan Buck.
