{"id":1004208897,"date":"2018-03-02T02:55:36","date_gmt":"2018-03-02T10:55:36","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004208897"},"modified":"2022-12-08T19:50:12","modified_gmt":"2022-12-09T03:50:12","slug":"solo-cupdart-container-closes-largest-industrial-sale-in-texas","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/solo-cupdart-container-closes-largest-industrial-sale-in-texas\/","title":{"rendered":"Solo Cup\/Dart Container Closes Largest Industrial Sale in Texas"},"content":{"rendered":"<p><em>By Keith Loria, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004208900\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/2200-South-Business-45.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004208900\" data-attachment-id=\"1004208900\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/solo-cupdart-container-closes-largest-industrial-sale-in-texas\/2200-south-business-45\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/2200-South-Business-45.jpg\" data-orig-size=\"450,349\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"2200 South Business 45\" data-image-description=\"&lt;p&gt;2200 South Business 45 in Corsicana, Texas&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;2200 South Business 45 in Corsicana, Texas&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/2200-South-Business-45.jpg?w=450\" class=\"wp-image-1004208900 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/2200-South-Business-45.jpg\" alt=\"2200 South Business 45 in Corsicana, Texas\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/2200-South-Business-45.jpg 450w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/2200-South-Business-45.jpg?resize=300,233 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004208900\" class=\"wp-caption-text\">2200 South Business 45 in Corsicana, Texas<\/p><\/div>\n<p>Solo Cup\/Dart Container has acquired 2200 South Business 45, an approximately 1.5 million-square-foot distribution center in Corsicana, Texas, from Eliken Property Management.<\/p>\n<p>Holmes Davis, Binswanger\u2019s senior vice president in Dallas, represented the seller in the transaction.<\/p>\n<p><em>\u201cOur firm\u2019s goal is to create real value in property and places,\u201d <\/em>Eli Zami, Eliken\u2019s director of acquisitions, said in a prepared release. <em>\u201cEliken is a growing company, laser-focused on buying value and creating value for its investors. We see beyond the sale.\u201d<\/em><\/p>\n<p>The property sits on 139 acres and is the former Home Depot distribution center. It contains 13,248 square feet of modern air-conditioned office space, and offers lighted parking for 560 cars and 1,130 trailers. The site also has rail access served by Union Pacific on the property\u2019s northwest boundary.<\/p>\n<p>The industrial building is located on Business Highway 45 South, just minutes to I-45 and State Highway 31, which provides direct access to Dallas\/Fort Worth and the Dallas\/Fort Worth International Airport.<\/p>\n<p>Eliken Property Management\u2019s portfolio now contains more than 3.5 million square feet across the Midwest and Southeast. According to Zami, the firm is looking to expand its presence in Texas and Arkansas, as well as other target markets.<\/p>\n<h2><strong>Dallas\u2019 industrial market<\/strong><\/h2>\n<p>Corsicana is less than an hour from Dallas, and that industrial market saw strong interest in 2017, with JLL reporting that 26.4 million square feet of space was leased. In the fourth quarter, absorption in Dallas ranked as the highest in the nation.<\/p>\n<p>There is great demand in the area for industrial spaces smaller than 100,000 square feet, causing rates for these sized properties to reach $5.75 per square foot.<\/p>\n<p>Last week, Binswanger represented Calare Properties in the acquisition of a 915,000-square-foot, mixed-use R&amp;D and <a href=\"https:\/\/www.commercialsearch.com\/news\/calare-nabs-rd-office-asset-in-ct\/\">office complex in Wallingford<\/a>, Conn. from Bristol-Myers Squibb Co. In November, the company facilitated the sale of a single-story, 136,296-square-foot\u00a0<a href=\"https:\/\/www.commercialsearch.com\/news\/binswanger-brokers-sale-of-136-ksf-industrial-facility-in-nc\/\">industrial facility in Kinston<\/a>, N.C.\u00a0<\/p>\n<p><em>Image courtesy of Binswanger<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binswanger represented Eliken Property Management in the disposition of 2200 South Business 45, a 1.5 million-square-foot distribution center in metro Dallas.<\/p>\n","protected":false},"author":451,"featured_media":1004208900,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1586,21743,21808,21748,21783,21742],"tags":[33940,39233,32796,39232],"class_list":["post-1004208897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-dallas","category-deals","category-featured","category-industrial","category-investment","category-latest","tag-binswanger","tag-eliken-property-management","tag-jll","tag-solo-cupdart-container"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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