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Dart Container New Owner of Largest Industrial Bldg. in Texas

Eliken Sheds Former Home Depot Distribution Center in Corsicana
February 28, 2018
Dart Container, the world’s largest foam cup and container manufacturer and owner of Solo Cup Co., maker of the renowned red cups ubiquitously located across college campuses nationwide, now owns the largest industrial building in Texas.

The company finalized a deal with New York City-based Eliken Property Management to acquire the North Texas Industrial Center at 2200 S. Business 45 in Corsicana, TX, a more than 1.45 million-square-foot, single-story complex formerly known as the Home Depot distribution center.

Eliken acquired the asset in September 2016, and in December of that year hired Binswanger to market the property for sale and lease. The building is currently home to Pactiz and Guardian, with more than 750,000 square feet still available, according to CoStar information.

Located on 139 acres, the massive distribution and manufacturing facility features 26-foot clear heights, 13,248 square feet of office space, 92 dock-high doors with levelers, two drive-in ramps and parking for 559 cars and 860 truck trailers. It also includes parking for 560 cars and 1,130 trailers, and is rail-served by Union Pacific. Corsicana is roughly 60 miles southeast of Dallas.

According to a company press release, Eliken, which currently owns more than 3.5 million square feet across the Midwest and Southeast, will look to expand its holdings in Texas and Arkansas, as well as other key markets.

Holmes Davis of Binswanger Dallas, which brokered Eliken's original purchase of the property and oversaw leasing for the complex, represented the company in its disposition.

Please see CoStar Comp #4137014 for more information on the transaction.
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