Dallas Morning News

The Morning News article notes the filing was made by DLHMaster Land Holding LLC and Allen Capital Partners LLC, both led bythe Allen Group, which is headquartered in Dallas. Richard Allen,founder and CEO of the company, was quoted by the article sayingthat creditors have been cooperative, and he's working with them toextend the debt maturities of the project, located at theintersection of Interstates 20 and 45, approximately 12 miles duesouth of downtown Dallas. Creditors involved include: TierOne Bank,BBVA Compass and American Bank of Texas.

Allen unveiledplans for the Dallas Logistics Hub in 2006, following 2.5years of frenzied land-buying in South Dallas. Construction on themassive project began in 2007,launched by infrastructure development and a speculative industrialbuilding. Allen Group relocated itsheadquarters from San Diego to downtown Dallas in early2009, to better keep track of the development.