Purchased by Dart: 1.4 Million SF Industrial Building

In Corsicana, Texas, Dart Container, the maker of Solo cups, has purchased a 1.4 million-SF industrial building on 139 acres near Interstate 45 south of Dallas. The property, which has Union Pacific rail access, formerly served as a Home Depot distribution center.

Holmes Davis of Binswanger represented the seller, Eliken Property Management.

Dart Container, based in Mason, Mich., is spending $38 million on the project, as stated by the Corsicana City Council.

Former Exxon Chemical campus

In Houston, a branch of the Dart ownership organization, Third Palm Capital, owns the former Exxon Chemical campus in the Energy Corridor. The property, located on the south side of the Katy Freeway at Eldridge, is being redeveloped as Republic Square.