Traded Coors Deed Sparks Construction Plan

The Interstate 30-fronting property rolled into Pilgrims Pride's hands after nearly a year of on-off talks with the abutting landowner. "The timing had to be right," John Dunwoody of Dunn Commercial Co. in Arlington tells GlobeSt.com about a listing with a $2-million asking price. He says the team started courting the neighbor as soon as it got the listing from Coors Distributing Co., which relocated about 15 months ago to Fort Worth.

The 39,484-sf building, sitting on five acres at 3508 Avenue F, was a build-to-suit for Coors in 1978. According to Dunwoody, the new owner is readying a plan to bridge the two buildings and enclose the dock.

Dunwoody says the listing attracted at least two dozen offers, including non-profit organizations, mostly for its curb appeal and pricing. Pilgrims Pride was the logical go-to, but the pending buyout of ConAgra's poultry division was the stickling point. For nearly six months, Coors was holding a purchase option with a contingency based upon the ConAgra division takeover. Dunn Commercial's Greg Morris and Dunwoody brokered the sale with Pilgrims Pride's in-house counsel.