Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ARLINGTON, TX-Abitibi Consolidated Inc. has pushed its lease to 2023 at a 10-year location after pumping roughly $8 million into equipment and upgrades at its 114,688-sf recycling facility in the Great Southwest Industrial District. The Montreal-based company had several years left on its lease when another 10 years were tacked onto the term.

“They wanted to go ahead and secure the building for a really long time. This facility is very important to Abitibi,” Gary Lindsey, senior vice president in Dallas for Santa Ana, CA-based Grubb & Ellis Co., tells GlobeSt.com. Abitibi’s recycling operation spans 5.37 acres at 1921-25 Meridian St.

Lindsey worked out a direct deal with David Castro, the Denver-based DCT Industrial Trust’s man on the ground in Dallas/Fort Worth. The processing facility is a rail-served location where newsprint, corrugated boxes and other recyclable papers are bundled and shipped via train to paper mills. The publicly traded company is one of the world’s largest recyclers of newspapers and magazines and is the eighth largest pulp and paper manufacturer with 31 locations and another 35 wood products facilities in the US, Canada, UK and South Korea.

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?


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.