Dart Container Buys Largest Warehouse in Texas
CORSICANA, TEXAS — Dart Container has purchased a 1.4 million-square-foot industrial building in Corsicana for an undisclosed sum. The building formerly housed Home Depot’s distribution center. It is situated on 139 acres just south of Dallas.
The building consists of 13,248 square feet of modern, air-conditioned office space with paved and lighted parking for 560 cars and 1,130 trailers.
The asset’s rail access is served by Union Pacific on the northwest boundary. The facility is situated on Business Highway 45 South, near I-45 and State Highway 31, and provides direct access to the Dallas/Fort Worth International Airport.
The seller, Eliken Property Management, is a private, self-administered and self-managed real estate firm that owns and manages high-quality industrial properties. Eliken’s current portfolio includes more than 3.5 million square feet across the Midwest and Southeast. The firm is looking to expand its presence in Texas and Arkansas, as well as other target markets. Holmes Davis of Binswanger represented Eliken in the transaction.
Mason, Mich.-based Dart Container produces a variety of plastic and foam cups and food containers, including Solo party cups. The company plans to invest $38 million in its new Texas space. Dart operates more than 40 locations in six countries, with about 15,000 employees worldwide.
— Nellie Day