The negotiations for Lone Star Plastics Inc. caused a lease to be ripped up 16 months early and replaced with a full-building pact for 2875 Market St. in Garland's industrial corridor, Stephen Cooper, market director for the Robert Lynn Co./Corfac in Dallas tells GlobeSt.com. The Market Street building is one of five owned by Dividend Capital Trust of Denver that are leased by Cooper and Thomas T. Lynn, president of the Robert Lynn Co.
Cooper says the full-building lease took two months to lock down. He says talks produced a stair-stepped agreement for 1980-era office/warehouse space that had been on the market for $3.15 per sf, triple net. Buddy Turner with Dillon Corporate Services/Cresa in Dallas represented Lone Star Plastics.
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