Harbor Capital Acquires 606,911 Square Foot Industrial Park In Denton From Mar-Properties

The property asset involved in this transaction is an industrial facility located at 5000 Shelby Lane in Denton, Texas. The asset spans 606,911 square feet and was acquired by Harbor Capital from Mar-Properties. The deal was supported by a loan amounting to $38.7 million.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $38.7 million
• Buyer: Harbor Capital
• Seller: Mar-Properties
• Market: Denton
• Brokers: Don Frazier & Cole Frazier - Frazier Commercial Real Estate; Joseph Ash, Joseph Kassin & Steven Pollan - Kassin Sabbagh Realty; Luke Burns & Michael Lohan - Nineteen Blocks
• Lender: Argentic Real Estate Investment
• Mortgage Broker: Chris McColpin - Newmark

This acquisition marks Harbor Capital's entry into the Dallas-Fort Worth market, specifically through the purchase of the Corbin Industrial Park. The firm plans for individual and bulk sales after a holding period following this transaction.