Strategically located, the property is minutes to Interstate 75 and State Highway 31, and provides direct access to Dallas/Fort Worth and the Dallas/Fort Worth International Airport. Corsicana, home to many major manufacturers and distributors, is approximately 60 miles from Dallas, 70 miles from Tyler and 190 miles from Houston.

The acquisition was handled by Holmes Davis, senior vice president in Binswanger's Dallas office.

Davis tells GlobeSt.com: “This is the largest industrial single building sale in Texas this year. The main benefit for the Corsicana area is that the new owner will spend the necessary capital in order to make it more attractive to multiple tenants and users. Our targeted and aggressive national and international marketing campaign will focus on exposing the facility to these users all over the world so that we can fill the remaining 800,000 square feet as soon as possible.”

Eliken Properties is an industrial real estate investment company that owns and manages properties throughout the Unites States.

CORSICANA, TX—In what is being classified as the largest single industrial building sale this year, Eliken Properties recently acquired a 1.45 million-square-foot property on 139 acres situated at 2200 South Business Highway 45. This is the second industrial transaction of the year that Eliken completed in Corsicana.

“We continue to progress and aim to expand our presence in the industrial sector, in targeted secondary and tertiary markets,” said Eli Zami, president of Eliken.

This property is currently occupied by two tenants, Pactiv and Guardian Glass. Binswanger will be working with the new owner to market to additional tenants after an updating process takes place.

Features of the one-story facility, structured for both distribution and manufacturing, include insulated metal panel walls, 6- and 8-inch reinforced concrete floors, ceiling heights to 26-foot clear, 48-by-48-foot column spacing, high-density sprinkler system and all utilities. In addition, it includes 13,248 square feet of air-conditioned office space featuring private offices, conference room, data processing room, cafeteria and first aid station. Added features include two 125 psi compressors and two 60 HP compressors, air lines throughout, 92 8-by-10-foot dock-high doors with levelers, two drive-in ramps, paved and lighted parking for approximately 559 cars and 860 truck trailers, and rail access served by Union Pacific.

Strategically located, the property is minutes to Interstate 75 and State Highway 31, and provides direct access to Dallas/Fort Worth and the Dallas/Fort Worth International Airport. Corsicana, home to many major manufacturers and distributors, is approximately 60 miles from Dallas, 70 miles from Tyler and 190 miles from Houston.

The acquisition was handled by Holmes Davis, senior vice president in Binswanger's Dallas office.

Davis tells GlobeSt.com: “This is the largest industrial single building sale in Texas this year. The main benefit for the Corsicana area is that the new owner will spend the necessary capital in order to make it more attractive to multiple tenants and users. Our targeted and aggressive national and international marketing campaign will focus on exposing the facility to these users all over the world so that we can fill the remaining 800,000 square feet as soon as possible.”

Eliken Properties is an industrial real estate investment company that owns and manages properties throughout the Unites States.