JLL Capital Markets handles construction financing for Denton Point III, IV and V, a to-be-built, Class A industrial park in Denton, TX

 

Campbell Roche

 

DALLAS, TX, Aug. 19, 2024 – JLL Capital Markets has secured construction financing for the development of Denton Point III, IV and V, a to-be-built, Class A industrial park located in Denton, Texas. Financial details were not disclosed.

 JLL worked on behalf of the borrower, Holt Lunsford Commercial Investments, to secure a five-year loan from First United Bank.

 

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.

Will Mogk

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.

 

      Jordan Buck

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.

Tom Weber

Additionally, the development’s proximity to Highway 380 rounds off its excellent access to the entire metroplex.

  

According to JLL’s Q2 Dallas-Fort Worth Industrial report, the market’s demand from leasing activity experienced a 25.1% increase quarter-over-quarter, totaling over 12 million square feet.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.

 Luke Rogers

The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

For more news, videos and research resources, please visit JLL’s newsroom. 

 

About First United Bank

Established in 1900, First United Bank has more than 85 bank, mortgage and insurance locations throughout Texas and Oklahoma. 

 It is among the largest privately held community banking organizations in the U.S. with assets of more than $16 billion.  First United Bank provides a full range of financial services including banking, mortgage, insurance, and investment products and services, and is dedicated to inspiring and empowering others to Spend Life Wisely®.

 

CONTACT:   

 Grace Lewis

PR, Capital Markets

JLL

2401 Cedar Springs Rd.

Dallas, Texas 75201

M +1 903 520 3478

JLL.com

 

firstunitedbank.com.