X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

FARMERS BRANCH, TX-A two-building industrial holding, assessed at $1.7 million, has changed hands in a sale/leaseback with a possible short-term hold.

At the time of purchase, the Dallas-based Holt Cos.’ plan was leaning toward cleaning up the complex at 13911 Distribution Way in Farmers Branch and putting it up for sale in a three- to six-month turnaround, one of its brokers tells GlobeSt.com. As the plan takes root, the seller, Dan McIntyre of Atlan Plastics, is leasing 50% of the 105,120-sf complex on a month-to-month basis.

McIntyre’s broker, David Lester of Lester & Gallini in Dallas, had the 100,800-sf warehouse and 4,320-sf storage building on the market for close to $2 million. Making the close on the 4.3-acre property for the Holt Cos. were PJ Brady and David Cartwright, who are mum about the final price due to the short-term hold strategy that’s at work. But, Cartwright did say that the complex needs only cosmetic upgrades before it can be returned to the market.

According to Dallas Central Appraisal District records, McIntyre bought the property in October 2002. A portion of the larger building, built in 1959, is leased to D&S Tool Inc.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.