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.