{"id":1004656034,"date":"2023-04-06T22:21:28","date_gmt":"2023-04-07T06:21:28","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004656034"},"modified":"2023-04-19T02:10:40","modified_gmt":"2023-04-19T10:10:40","slug":"mdh-pays-68m-for-dfw-industrial-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/mdh-pays-68m-for-dfw-industrial-asset\/","title":{"rendered":"MDH Pays $68M for DFW Industrial Asset"},"content":{"rendered":"
\"Fort<\/a>

Fort Worth Logistics Hub Building 1. Image courtesy of MDH Partners<\/em><\/p><\/div>\n

MDH Partners<\/strong> has acquired Fort Worth Logistics Hub Building 1, a 670,914-square-foot industrial building in Fort Worth, Texas. VanTrust Real Estate<\/strong> sold the asset for $67.5 million.<\/p>\n

MDH Partners Senior Managing Director Joe DeHaven led the acquisition for the buyer while Eastdil Secured<\/strong> represented the seller.<\/p>\n

In 2020, the property became subject to a construction loan of $31.6 million provided by UMB Bank<\/strong>, with a maturity date set for 2023, CommercialEdge information shows. According to the same data provider, Building 2, comprising 607,074 square feet, is currently under construction.<\/p>\n

Building 1 at Fort Worth Logistics Hub came online in 2022 on 39 acres, featuring 36-foot clear heights, between 50- and 56-foot column spacing and ESFR fire sprinklers, as well as trailer parking stalls and 245 car parking spaces. The Class A, single-story building is fully leased to Samsung SDS America<\/a>, a provider of logistics and IT services to the Samsung Group<\/strong>.<\/p>\n

Located at 9450 Burleson Cardinal Road, the property is 10.3 miles from downtown Fort Worth and 40 miles from Dallas. The facility is situated near interstates 20 and 35, with Dallas-Fort Worth International Airport some 30 miles away. Companies in the surrounding area include XPO Logistics, Lineage Logistics, Mother Parkers Coffee and Ben E. Keith Foods, among others.<\/p>\n

MDH Partners’ recent Texas deals<\/h2>\n

Atlanta-based MDH Partners continues to expand its Texas footprint, the current transaction bringing it to 3.3 million square feet.<\/p>\n

In 2021, the company acquired Everman Crossroads, a 1 million-square-foot portfolio, fully leased to Purina and GXO Logistics<\/a>. More recently, MDH has committed to purchasing Loop 375 Industrial<\/a>, a 550,000-square-foot campus in El Paso, Texas, in advance of the speculative project\u2019s completion.<\/p>\n

Dallas-Fort Worth is one of the top U.S. markets in terms of industrial supply<\/a>. According to the latest CommercialEdge report, after the first two months of 2023, the market was leading with 59 million square feet under construction, representing 6.7 percent of stock, followed by Phoenix with 54.1 million square feet, accounting for 15.6 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fort Worth Logistics Hub Building 1 came online last year.<\/p>\n","protected":false},"author":2829,"featured_media":1004656041,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21748,21783,21742,51973],"tags":[33101,51687,37240,33102],"class_list":["post-1004656034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-industrial","category-investment","category-latest","category-southwest","tag-eastdil-secured","tag-mdh-partners","tag-umb-bank","tag-vantrust-real-estate"],"acf":[],"yoast_head":"\nMDH Pays $68M for DFW Industrial Asset - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"MDH Partners acquired the Class A Fort Worth Logistics Hub Building 1, a 670,914-square-foot industrial asset in Fort Worth, Texas.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/mdh-pays-68m-for-dfw-industrial-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MDH Pays $68M for DFW Industrial Asset\" \/>\n<meta property=\"og:description\" content=\"MDH Partners acquired the Class A Fort Worth Logistics Hub Building 1, a 670,914-square-foot industrial asset in Fort Worth, Texas.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/mdh-pays-68m-for-dfw-industrial-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-07T06:21:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-04-19T10:10:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/9450-Burleson-e1680782625783.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1730\" \/>\n\t<meta property=\"og:image:height\" content=\"1295\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Madalina Pojoga\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mdh-pays-68m-for-dfw-industrial-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/mdh-pays-68m-for-dfw-industrial-asset\/\",\"name\":\"MDH Pays $68M for DFW Industrial Asset - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mdh-pays-68m-for-dfw-industrial-asset\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mdh-pays-68m-for-dfw-industrial-asset\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/9450-Burleson-e1680782625783.jpg\",\"datePublished\":\"2023-04-07T06:21:28+00:00\",\"dateModified\":\"2023-04-19T10:10:40+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/7ced0369df035c845a1e5d647c62dd7a\"},\"description\":\"MDH Partners acquired the Class A Fort Worth Logistics Hub Building 1, a 670,914-square-foot industrial asset in Fort Worth, Texas.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mdh-pays-68m-for-dfw-industrial-asset\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/mdh-pays-68m-for-dfw-industrial-asset\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/mdh-pays-68m-for-dfw-industrial-asset\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/9450-Burleson-e1680782625783.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/9450-Burleson-e1680782625783.jpg\",\"width\":1730,\"height\":1295,\"caption\":\"Fort Worth Logistics Hub Building 1. 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