OKLAHOMA CITY-A Kansas company that redevelops older single-user manufacturing facilities for multi-tenant distribution and industrial use is taking on one of its biggest challenges with the acquisition of a former tire factory here. Big Industrial LLC of Prairie View, KS bought the 2.59 million-sf property from the Japanese-owned Bridgestone Firestone North American Tire LLC for a price that is rumored to be as low as $6 per sf.

Originally built for Dayton Tire Co. in 1969, the 300-acre property was shuttered in Dec. 2006 and put on the market under the supervision of Eric Dienstbach, a senior vice president in the Denver office of Philadelphia-based Binswanger. According to Dienstbach, about a half dozen prospects showed interest in the property, but only three pursued it and only two made serious bids: Big Industrial and Wichita, KS-based Ablah Enterprises Inc.

The former won not only because it offer the most money but also because it seemed more capable of closing. “We were interested in eliminating as many contingencies as possible during the due diligence to be sure we had a deal that would go through,” Dienstbach says. “Big Industrial was very cooperative in that regard.”

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