DALLAS-If all goes as planned, Courtland Development and Sacramento-based Panattoni Development Co. will break ground in the summer on a 458,640-sf spec warehouse in Mountain Creek Business Park in southern Dallas County. The project’s green light has been tripped by the recent sale of a 441,000-sf warehouse shell and the upcoming closing of a 36-acre site for a 500,000-sf build-to-suit.

The joint venture partners’ new warehouse will sit on roughly 30 acres, the last large tract of Triple Freeport-zoned land in the 410-acre park, and be planted right across the street from the just-sold warehouse, Jon Napper, founder of Dallas-based Courtland, tells GlobeSt.com. In the past week, Niagara Bottling LLC closed on a spec shell at 4851 Mountain Creek Pkwy. after having it under contract since early January as a result of an off-market deal that began on a golf course at Walt Disney World in Orlando during the 2007 Christmas season.

Although the price is off limits, comparable industrial space in the market has been hovering $45 per sf. Word is there were 1,100 applicants for the plant’s 200 jobs. What Napper is free to divulge is Niagara invested nearly $3 million into the shell’s finish-out and equipment for the new water bottling plant. The building has a 32-foot clear height and 70 dock doors on a 23.29-acre tract.

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