JLL Capital Markets has arranged $48.58 million in post-acquisition financing for a fully leased four-property industrial portfolio totaling 505,719 square feet in high-growth markets in Dallas and San Antonio, Texas. JLL worked on behalf of the borrower, MDH Partners, to place the three-year, floating-rate loan with a national bank. The portfolio includes two net-leased assets in infill submarkets at 3551 Dan Morton Dr. in Dallas and 2001 S. Laredo St. in San Antonio acquired in January via a sale-leaseback with Surlean Foods, a custom food manufacturer with a more than 40-year operating history. The San Antonio property serves as the tenant’s headquarters and both mission-critical facilities house in-demand food production and freezer and cooler space. Cold storage assets continue to be in high demand, with historical vacancies remaining below 10 percent. This increase is due to a sudden rise in e-commerce adoption and change in consumer consumption patterns in the wake of COVID-19. Because of this, the cold storage space has proven itself to be a stabilizing factor over the last 13 months, which increases long-holding investor interest. Additionally, investors are drawn to the fact that they can get an outside yield when compared to traditional warehousing. The remainder of the portfolio comprises Shiloh Commerce Center at 600-640 Shiloh Road in Plano. Completed in 2001, the two, Class A buildings are fully leased to three tenants. The property is in the Plano industrial submarket, which is one of the healthiest in the Dallas-Fort Worth metro area with access to skilled labor supply and limited land availability for new development. The acquisition lead for MDH Partners was Managing Director Georga Rowe. Rowe covers Texas and markets throughout the Western half of the U.S. The JLL Capital Markets Debt Placement team representing the borrower was led by Senior Managing Director Christopher Drew, Director Maxx Carney and Associate Reid Carleton, along with local San Antonio market expertise provided by Senior Managing Director Jeremy Womack and Dallas market insight from Director Jarrod McCabe.