SOURCE: Binswanger


October 31, 2011 09:48 ET

Binswanger Named Exclusive Agent for Lease of an Industrial Building in Coppell, Texas

DALLAS, TX--(Marketwire - Oct 31, 2011) - Binswanger has been named exclusive agent by Cabot Properties, Inc. for the lease of a 208,800 sq. ft. industrial building on approximately 13.09 acres located at 488 South Royal Lane in Coppell, Texas.

Built in 2000, the light industrial facility is in excellent condition. Key features include 6' floors; tilt-wall concrete walls; steel columns spaced 43'3" x 40'; rubber membrane roof; 28' clear ceiling heights; metal halide and fluorescent T12 lighting; all utilities; 100% ESFR sprinkler system; 15,265 sq. ft. of office space, including showroom, production area, and shipping office; and 16 8' x 10' dock-high loading doors; seven with levelers.

The property is ideally located less than one and one-half miles from Interstate 635 and nine miles from Interstate 35. The Dallas/Fort Worth International Airport is approximately five miles from the site.

Binswanger is aggressively marketing the property to targeted prospects in the manufacturing; wholesale trade; retail trade; transportation & warehousing; and third-party logistics industries.

Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the United States, Canada, Latin America, Europe, the Middle East, and Asia.

Cabot Properties is a private equity real estate investment firm. The firm is a leading investor, developer and operator of industrial properties throughout North America and the United Kingdom. Formed in 1986, Cabot has invested $5.1 billion in industrial real estate, managing and operating approximately 1,800 tenants in more than 122 million square feet. Cabot is the sponsor of Cabot Industrial Value Fund III, which is currently seeking to invest up to $1.5 billion in the industrial property sector, focusing on our major markets.

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