Urban Logistics Realty sells 31-acre Denton business park

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Dallas-based developer Urban Logistics Realty sold the master-planned Urban District 35 project, comprising four buildings that span more than 440,000 square...

A 31-acre Denton business park has changed hands.Austin investment firm Pennybacker Capital was the equity partner on the Class A industrial development, which was completed in January 2023, while First United Bank provided financing.

GSR Andrade Architects was the architect, Kimley Horn was the engineer and Ridgemont Construction was the general contractor.High Street Logistics Properties is based in Massachusetts and has an office in Dallas, in addition to Atlanta, Chicago and Philadelphia. The firm acquired and developed more than $5.1 billion of industrial and logistics properties since it was founded in 2002.

, Real estate reporter. Anna is a real estate reporter for The Dallas Morning News. She previously served as managing editor and real estate editor of the Dallas Business Journal. She is a graduate of Wake Forest University. A seventh generation Texan, Anna grew up in Austin.

 

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