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CARROLLTON, TX-Macfarlan Real Estate Investment Management is delivering on an acquisition promise to provide extra space so a long-term tenant can expand its footprint in the Valwood Industrial Park. The 67,000-sf expansion is bundled with a 37,000-sf lease in simultaneous projects in separate buildings, bought just three months ago by the Dallas-based investor.

Trend Offset Printing gets the expansion now that Macfarlan’s closed on a 3.64-acre tract connecting the project areas at 2323 McDaniel Dr. and 2301 McDaniel Dr. United Advertising Media gets the lease and a relocation from one building to the other so work can begin for Trend.

It wasn’t easy to orchestrate the projects, pegged at $4 million. But, Don Epperson, Macfarlan’s senior vice president of development, tells “we were able to put this deal together so they could plan for the long term and meet the needs of both parties.”

Trend’s existing 154,500-sf facility at 2323 McDaniel Dr. is being expanded in a redesign and re-platting of the triple tracts so that its operations will be under one roof. Trend’s tenant, United Advertising Media, will relocate in July to 37,000 sf of the 70,000-sf sister building. Trend, betting on its growth, has put its name once again on the lease in a 15-year commitment splitting the structure into space for its client and storage. Trend intends to re-lease the storage area once its expansion is done.

Hardy McCullah/MLM Architects Inc. of Dallas has designed the expansion, which delivers in October, and the agency’s custom finish-out project. Dallas’ McFadden & Miller Inc. is Trend’s general contractor while Arcon Building Services Inc., also locally based, is the agency’s finish-out contractor.

Todd White, Macfarlan’s senior vice president and director of transactions, negotiated the build-to-suit expansion and finish-out contracts. Epperson, who’s overseeing the work, credits White for working out the fine details during the acquisition process when Trend renewed for the long term. Trend has been a tenant at 2323 McDaniel since March 1998; its largest client, United Advertising Media, moved in about two months later.

Trend, headquartered in Los Alamitos, CA uses the Carrollton site for its Southwest Division offices. It has similar facilities at its headquarters and Jacksonville, FL.

The Valwood buildings were part of a four-property, $14-million buy in February, the first purchase to tap a $120-million pool for Macfarlan’s newest investment strategy. Fully leased, steady cash-flow office, industrial or retail properties are prime candidates for acquisition under the plan, which is to buy and then turn the holdings loose on the open market for would-be equity partners. To date this year, Macfarlan has spent $27.5 million in Texas and Colorado to fuel the program.

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