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$2.4M Incentive Package Fuels Duke's $32M Coup

COPPELL, TX-The City of Coppell stacks the deck for Duke to make the catch of the year, dangling a loaded 10-year incentive package. The Container Store signs for a phased-in 800,000 sf of a 1.1-million-sf project.

By Connie Gore | Updated on September 05, 2002

COPPELL, TX-What’s it take to get the biggest deal of the year, perhaps several years, in Dallas? Aside from hard negotiations, the Container Store is walking away with $2.4 million in municipal incentives over a 10-year period, one of many pluses that clinched the deal for Indianapolis-based Duke Realty Corp.

The City of Coppell stacked Duke’s deck with the incentives while the developer, as did its competitors, put a $32-million, campus-like setting on the table for a hometown star that’s ranked second in Fortune magazine’s “Best 100 Companies to Work for in America.” Duke’s Jeff Turner, senior vice president of the Dallas group, tells GlobeSt.com that “Coppell was very aggressive and really stepped up the offer.”

Ground will break in first quarter 2003 on the 46-acre project. The tract is situated on the southeast corner of Duke’s Freeport North Industrial Park, where a lake, a city park and a soon-to-come nature trail turned the heads of Container Store decision-makers.

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