MDH Partners Closes $164M Loan for Industrial Acquisitions

Atlanta-based MDH Partners secured $163.7 million in financing from Capital One to support five recent industrial acquisitions across the Kansas City, Fort Lauderdale, Laredo, Charlotte and Inland Empire markets.

The assets were acquired during the most active summer in MDH’s history, according to the company. The firm closed eight deals and invested more than $425 million during the acquisition stretch.

The loan supports the following acquisitions:

• New Century Commerce I and II, New Century, Kan. The buildings are located within New Century Commerce Center, an 820-acre master-planned industrial park on John Glenn Parkway that includes rail service and is located near Interstate 35.
• Sawgrass Distribution Center, 710 International Parkway, Sunrise, Fla. MDH acquired the 132,180-square-foot industrial building for $40.1 million from an affiliate of Clarion Partners in July. It has 20-foot clear height, 16 dock-high doors and 3 grade-level doors. The property has 238 parking spaces and a 75-foot by 85-foot truck court.
• 302 Grand Central Blvd. in Laredo, Texas. MDH acquired the 129,301-square-foot industrial property located on 6.2 acres in the Milo Industrial Park in August. The asset, completed in 2000, is fully leased to DHL Global Forwarding. It is situated within minutes from the World Trade Bridge, the busiest commercial land crossing in North America. The building has 44 dock-high doors, 47 trailer parking stalls, a secure yard and rail service access via Union Pacific.
• Lakeshore Corporate Park – Building C, 2008 Moose Road, Kannapolis, N.C. MDH acquired the 277,388-square-foot building in August from Fortius Capital Partners for $35 million, according to Yardi Matrix data. Built in 2023, the asset has a 36-foot clear height, 56 dock-high doors, 2 grade-level doors and 144 parking spaces.
• Serrano Industrial Park II and III, 4388 Serrano Drive, Jurupa Valley, Calif. Located on 9.4 acres in the Fontana submarket of the Inland Empire West market, the property was completed in 2019. Buildings II and III total 148,050 square feet. MDH acquired the assets in August for $57.1 million from Miramar Capital, according to Yardi Matrix data. Miramar acquired three buildings on the site for $86 million in January 2025 from PreZero, which still leases the manufacturing assets.

Actively financing industrial assets

Matthew Ludwig, director and head of debt capital markets at MDH, led the deal. Mary Lucy Lester, Capital One senior vice president and Southeastern market manager, originated the financing known as the MDH F3 Forest Loan.

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It is the second loan MDH has closed with Capital One this year. In April, the firm closed the Everest Loan, a $195.9 million financing that supported MDH’s acquisition of a seven-building portfolio of institutional-quality warehouses spanning 1.6 million square feet. Lester also originated the Everest Loan that covers property acquired in the Nashville, Salt Lake City, Dallas-Fort Worth and Inland Empire West markets.

In June 2024, MDH expanded an existing loan from Capital One from $130 million to $162 million to support acquisitions in Phoenix and Chicago.

This year in March, MDH closed on a $946.8 million package that refinanced a portfolio of 59 industrial assets totaling 13.5 million square feet across 15 states. Wells Fargo provided $768.8 million in financing on six loan portfolios, while ACORE Capital issued $160 million for a seventh loan portfolio.

In July, the firm acquired three industrial buildings totaling 557,100 square feet in Lakeland, Fla., for $67.7 million from Stonemont Financial Group. The assets are part of Lakeland Commercial Center, a 90-acre campus located about 30 miles northeast of downtown Tampa, Fla. The property is close to the interchange between Interstate 4, U.S. Route 92 and  Florida State Route 570.