Ron Carey, regional vice president of the Chicago-based MLRealty Partners, says the stair-stepped deal went full circle soquickly for the empty warehouse at 2002 Avenue R because itssingle-tenant environment and 16-dock design "really fit them."Fort Worth-based NAI Huff principal G. Walter Floyd were the tenantreps and Michael Stanzel with NAI Robert Lynn in Dallas representedthe owner.

ML Realty bought the empty warehouse in late 2006 just as itstenant, Litex Industries, was on the way out to a build-to-suit inRiverpark Business Center, also in Grand Prairie. ML Realty'smake-ready plan included demolition of an 8,000-sf office, newdock-door levelers and changing the entrance street for thehard-corner asset. "We knew getting into it that we'd have to dothat to fill it. It was tired," Carey says. He adds that the onlychange left to do is reconstructing 2,500 sf of office area for thenew tenant.

Professional Packaging Systems' headquarters is expected toremain at 2010 S. Great Southwest Pkwy. in Grand Prairie. Thejust-leased warehouse is seven miles north of the HQ location forthe company, which has operations in six Texas cities, OklahomaCity and Juarez, Mexico.