With an existing customer base in North Texas, California-based Tri Pack Enterprises is entering the market with a long-term lease in hand for 24,177 sf of warehouse space in Valwood Industrial Park.
Shawn Hall, market director of LandCentury.com for land deals, lots, acreage and land for sale
in Dallas, represented Tri Pack, which had focused its search on Valwood to be close to its customers. The search began nearly one year ago, but it wasn’t until the past month that the right size space and heavy-power requirements became available Champion Center at 1515 Champion Dr. in Carrollton.
“We had very few opportunities in Valwood in the size with the power component that we needed,” Hall says. “We had other options in the city, but not in Valwood and that’s where they wanted to be.”
Tri Pack’s new location is the result of the owner’s willingness to subdivide a vacant 79,746-sf warehouse that Hall discovered while scouting for heavy-power spaces.
“We approached them because they had the power in place,” Hall says. “The owner approved dividing the space after seeing the numbers worked.”
About 30 days after their initial contact, Tri Pack and Denver-based DCT Industrial Trust were signing a lease. Adam Hammack of CB Richard Ellis represented the landlord.
The majority of the space will be used for production and warehousing, with a small area reserved for an office. Tri Pack, founded in 1994 in Encino, manufactures plastic packaging, parts and containers.
“We’re all hoping they’re going to be in before the New Year,” Hall says.
April 5, 2012