Dallas Logistics Hub Successfully Exits Chapter 11

DALLAS, Jan. 17, 2012 /PRNewswire/ -- The United States Bankruptcy Court for the Northern District of Texas, Dallas Division, confirmed the Reorganization Plan for DLH Master Land Holding, LLC (Plan), which became effective on December 15, 2011, allowing DLH Master Land Holding, LLC (DLH) to exit bankruptcy and move forward with the development.

DLH, the owner and developer of the Dallas Logistics Hub, emerged from the case with 4,300 acres of land. During the proceedings and as a part of the Plan, DLH returned approximately 1,380 acres of land to creditors. Under the Plan, DLH will aggressively market the development to reach its goal of providing South Dallas with a premier multi-modal logistics hub along with thousands of jobs for the people in the surrounding areas.

"The reorganization of DLH puts the company in a position to be extremely competitive and have the resources to attract Fortune 500 companies to our development," said Dan McAuliffe, president of DLH Master Land Holding, LLC.  "It also enables the company to repay its creditors 100 percent of the debt over the next 7-8 years while having the necessary capital to operate. It has been a tough couple of years and we are grateful to those parties who have stuck with us through these difficult times." 

About DLH, LLC
DLH Master Land Holding, LLC, (DLH) based in Dallas, Texas, develops and manages the Dallas Logistics Hub, a 4,300-acre master-planned development located in the cities of Dallas, Wilmer, Hutchins and Lancaster.  The Dallas Logistics Hub is one of the largest multi-modal logistics facilities in North America.  This unique industrial development will include two intermodal facilities; Union Pacific Railroad's existing Dallas Intermodal Terminal and the proposed Burlington Northern Santa Fe Intermodal Facility. The facility is bordered by four major highways; I-20, I-35, I-45 and planned Loop 9. (www.dallashub.com)

SOURCE DLH Master Land Holding, LLC