The joint venture partners' new warehouse will sit on roughly 30acres, the last large tract of Triple Freeport-zoned land in the410-acre park, and be planted right across the street from thejust-sold warehouse, Jon Napper, founder of Dallas-based Courtland,tells GlobeSt.com. In the past week, Niagara Bottling LLC closed ona spec shell at 4851 Mountain Creek Pkwy. after having it undercontract since early January as a result of an off-market deal thatbegan on a golf course at Walt Disney World in Orlando during the2007 Christmas season.

Although the price is off limits, comparable industrial space inthe market has been hovering $45 per sf. Word is there were 1,100applicants for the plant's 200 jobs. What Napper is free to divulgeis Niagara invested nearly $3 million into the shell's finish-outand equipment for the new water bottling plant. The building has a32-foot clear height and 70 dock doors on a 23.29-acre tract.

Napper says the Courtland-Panattoni JV is ready to start the taxabatement process and site planning for the upcoming spec so groundcan break in the summer. Dallas City Council has underwritten bothNiagara Bottling and Medline Industries Inc. of Mundelein, IL,which is planning a $22-million build-to-suit to replace a156,672-sf warehouse in the city's southern sector. The Ontario,CA-based Niagara Bottling was awarded 60% personal property taxabatement for 10 years, projected at $1.8 million over the term,and Medline got a 75% reduction on real property taxes for sevenyears, which is estimated at $880,000 over its term.