GRAND PRAIRIE, TX-A local businessman is weighing his plan for a 100,000-sf industrial building on 11 acres beside the Dallas Naval Air Station. The new owner reeled in the deed from a three-year owner for less than the $18 per sf to $20 per sf ask.

“We got a good deal,” says John Brewer with Henry S. Miller Commercial in Dallas. “It’s a very usable building. I don’t consider it functionally obsolete.” Key to the decision to buy is the 11-acre fenced tract at 2302 Pacific Ave., he adds.

Brewer tells that the Arlington buyer is now deciding whether to put one of his businesses, Komplete Packaging Co. or DFW Logistics, into the vacant building. Both now lease space at 2020 Singleton Blvd. in Dallas. A full-building tenant also has been kicking tires, but serious talks have yet to begin, the buyer’s broker says. In addition, he’s not ruling out a property flip.

“He’s a value buyer and a very entrepreneurial investor who bought it,” Brewer says, “and he’s not sure what he’s going to do with it.”

According to Brewer, Don Valk of Dallas sold the holding in a seller-financed deal with buyer of record, Komplete Development III LLC. Vic Helton, formerly with Valk’s Assured Group in Dallas, represented the seller.

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