Atlanta-based investment firm MDH Partners has acquired a massive new position in its portfolio with the purchase of one million square feet of industrial space in southern Dallas.
MDH bought the space within the Commerce 20 industrial complex at 4601 and 4951 Langdon Road from Hillwood, the same Dallas-based commercial and residential real estate developer that broke ground on a new master-planned community in Celina last year.
MDH’s purchase was backed by $258 million in financing, according to public records. The purchase, which closed on December 23, was part of a wider $1 billion in investments MDH Partners made during the final six months of 2024.
The firm, founded in 2005 as the successor to a half-century-old real estate development company, has been involved in more than $7 billion in acquisitions, developments, and asset management. MDH has amassed over nine million square feet of property across 11 U.S. industrial markets.
According to its website, the firm is currently targeting industrial and logistics properties, like those commonly found in North Texas.
The Commerce 20 industrial park sits on just over 100 acres and includes two large buildings. Olam Cotton, Fisher Scientific, and Genco are some of the site’s current tenants.
Within North Texas, MDH Partners owns 1.2 million square feet in Dallas and 955,000 square feet in Fort Worth.
Given its proximity to other major population centers, North Texas continues to attract logistics companies to the region. In December, The Dallas Express reported that Lovett Industrial had begun building a new logistics park in Coppell and Lewisville. The development at 121 Logistics Park will house two Class A buildings totaling 339,280 square feet on a 27-acre site.
In November, Speedy Freight, a UK-based company, opened a new facility in Irving to serve as the third-party logistics company’s U.S. headquarters.
The U.S. logistics industry was valued at $1.27 trillion in 2023, and forecasts suggest it will hit $1.62 trillion by 2028.