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GlobeSt.com EXCLUSIVE: 50,000-SF B-T-S Acreage Acquired

PLANO, TX-McDowell Packaging & Advertising buys the balance of ProLogis' frontage along Plano Parkway in Research Technology Crossroads in a speedy three weeks of negotiations to cap an 11-month search for an expansion location.

By Connie Gore | Updated on September 10, 2003

PLANO, TX-A Dallas packaging and advertising company has acquired about 3.5 acres of prime freeway frontage as a build-to-suit site for a 50,000-sf, state-of-the-art production facility. The site constitutes the balance of Aurora, CO-based ProLogis’ frontage along Plano Parkway in the city’s Research Technology Crossroads.

McDowell Packaging & Advertising Inc., looking for the last 11 months, jumpstarted negotiations with ProLogis just three weeks ago, Mark Klein of Re/Max Premier in North Dallas tells GlobeSt.com. “Time was of the essence,” he says. Jeff White and Mike McCartan, principals of Mark V Commercial Inc. in Plano, represented ProLogis in the sale.

With the deal closing, Klein also secured a three-month extension for McDowell’s existing 25,000 sf at 10325 Brockwood Rd. in Dallas. That lease was set to expire March 1, 2004. The extension, he says, “should be just enough time to get this building built and CO’d.” Delivery is planned for late May or early June 2004.

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