Holt Lunsford Commercial Investments sells five-building industrial portfolio to Boston-based TA Realty – Dallas Business Journal – Dallas Business Journal






Holt Lunsford Commercial Investments has sold a five-project portfolio spanning 700,000 square feet to Boston-based real estate investment firm TA Realty. 
According to a news release, the portfolio spans across North Texas, including Lewisville, Carrollton, McKinney and Richardson. The portfolio sale is a product of a discretionary fund the firm has nurtured over the past three years. The fund has acquired 1.1 million square feet and developed 2.2 million square feet of shallow bay industrial space.
Each of the assets, previously owned and developed by HLCI, broke ground late last year and delivered between May and August this year.
“Infill industrial development has been a key part of our strategy over the last 12 months,” said Todd Marchesani, vice president of development for HLCI, in a prepared statement. “The industrial market is a top-performing sector and we have seen growing demand for infill locations due to proximity to population density.”
HLCI also closed on another fund in June last year, a strictly industrial discretionary fund that seeks to invest in multiple markets across the sunbelt states. According to the release, that fund is already fully allocated and includes seven new developments, the first of which broke ground in October.
“We consider ourselves blessed to have such a loyal investor pool that continues to place bets with us,” said Hutton Lunsford, chief investment officer for HLCI, in a prepared statement. “Their eagerness to deploy more capital speaks to our track record and affirms our industrial acquisition, development strategies in Texas and other markets.”
Since its inception in 1993, HLCI has participated in the acquisition and development of more than $2 billion worth of commercial real estate properties. According to the release, HLCI’s current portfolio consists of 2.4 million square feet of industrial and office buildings, as well as about 300 acres of land which will be used to build about 4 million square feet of new development. Over the past three years, HLCI has sold 23 projects totaling roughly 3.4 million square feet, valued over $330 million.
In a previous interview with the Dallas Business Journal, Lunsford said that development would be key for Holt Lunsford Commercial and companies like it going forward. The number of groups investing in Fort Worth industrial development is increasing by the day, driving competition to a frenzy. Lunsford said because there’s no end in sight for this wave of demand, some are going to have to turn to development heading into the new year. 
The properties in the portfolio are listed below:
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