Doane to Sell 96,400-SF Industrial Complex

PHILADELPHIA-Private-label pet food manufacturer Doane Pet Care Co. will sell its Dublin, PA plant. Binswanger/CBB will arrange the transaction, along with the separate sale of a 42,000-sf office property in Irving, TX.

The Doane property, 431 Deep Run Rd., is an expandable one-story facility situated on 41 acres. It features concrete block and insulated metal panel walls, reinforced concrete floors and 2,400 sf of office space.

The plant, which offers direct access to US Hwy 202 and Philadelphia International Airport, has specialized freezer, cooler, preparation and processing areas with floor drains and drive-in doors.

Doane, which makes dog and cat food in North America and Europe, is owned by an investment group that includes affiliates of Credit Suisse First Boston and J.P. Morgan Chase & Co. Wal-Mart reportedly accounts for nearly half its sales.

In a separate deal, Binswanger/CBB will also represent the Young Presidents’ Organization in the sale of its 41,991-sf office building and acreage in Irving, TX. Located at 451 S. Decker Dr., the two-story building formerly served as YPO’s corporate headquarters and includes 14,634 sf on the first floor and 27,357 sf of the second floor, which is expandable by up to 10,000 sf. The building features a 10,000-sf conference area, fiber optics available to the site, a raised-floor computer room, parking for 126 vehicles and views of the Las Colinas Urban Center & Golf Course.

The YPO is a networking and educational organization for company presidents. In addition to strategic partnership with many of the world leading business schools, the organization also explores life-transition strategies, parenting issues and methodologies for dealing with the extensive time demands faced by company presidents.

Headquartered in Philadelphia, Binswanger/CBB is a member of Chesterton Blumenauer Binswanger, an international full-service real estate firm with more than 160 offices throughout the US, Canada, Mexico, South America, the UK, Europe, the Middle East, the Far East, South Africa and Australia.