MDH Partners Buys Southern Dallas Industrial From Hillwood

MDH Partners has expanded its industrial holdings with an acquisition in far Southern Dallas. 

The Atlanta-based investment firm secured 1 million square feet within the Commerce 20 industrial complex, at 4601 and 4951 Langdon Road, the Dallas Business Journal reported. Hillwood was the seller.

The deal, finalized on Dec. 23, was backed by a $258 million loan, according to public records. The purchase was completed as part of a broader $1 billion spending spree by MDH Partners during the second half of last year. 

The firm has been active in the U.S. industrial market, acquiring more than 9 million square feet of property across 11 markets. 

The Commerce 20 industrial park spans 101 acres and includes two large buildings. It is home to tenants including Olam Cotton, Fisher Scientific and Genco. Developed by Hillwood, the complex serves as a key logistics and distribution hub in the Dallas area. 

The Dallas expansion reflects the MDH Partners’ confidence in the Texas market. The company’s North Texas portfolio includes about 955,000 square feet in Fort Worth and 1.2 million square feet in Dallas. 

In late 2021, the firm purchased the 955,000-square-foot Everman Crossroads distribution center in Fort Worth and later signed a major lease with tenant GXO Logistics. The lease, for 644,000 square feet, marked MDH Partners’ biggest in Texas and helped bring the property to fully leased in less than a year.

The Dallas-Fort Worth metro is a key logistics and distribution hub, with ongoing investments and developments, despite an 11 percent vacancy rate caused by an influx of deliveries.

Earlier this month, Realterm purchased a 13-property industrial portfolio from Brookfield Asset Management for $277 million. The portfolio, priced at $438 per square foot, includes single-tenant truck terminals and industrial properties in DFW and seven other markets.  

— Andrew Terrell

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