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Retooling Plan Stirring Interest in 410,094 SF

PLANO, TX-Capital Wire's long-dark complex is being gutted and converted into multi-tenant use under a new owner. Deals are already circling for half of City Warehouse Plano's space.

By Connie Gore | Updated on October 24, 2008

PLANO, TX-Holt Lunsford Commercial’s Frontier Equity is digging into a full-scale retooling of the long-empty 410,094-sf industrial complex of Capital Wire & Cable Corp. The conversion to multi-tenant use already has deals circling to fill half the space although the work has just gotten under way.

When the work’s done at 910 10th St., the asset will measure up to submarket peers valued in the $30 per sf range. David Cartwright, a partner in Dallas-based Holt and Frontier Equity, says the complex will be renamed to City Warehouse Plano, standing as the second piece of vintage real estate for a specialty play aimed at making the space usable once again and filling it with tenants for a long-term hold. Gutting has just begun; exteriors will be next. If all goes as planned, the work will be done by year’s end, opening the door for tenant finish-outs.

Capital Wire & Cable vacated the 351,494-sf and 58,600-sf structures several years ago, leaving 18 acres at the hard corner of US Hwy. 75 and Plano Parkway for a build-to-suit in McKinney. Frontier Equity bought the asset about six weeks ago from a local partnership, which got the deed in February 2007 from the wire and cable maker.

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