Park West CC(1)-CS 8901093m~mry 9, 1959
PRENTISS/COPLEY BUYS SOUTHERN PACIFIC SITE
TO DEVELOP DALLAS-FORT WORTH INDUSTRIAL PARK
DALLAS, TX. -~ The Prenti~s/Copley Investment Group today announced purchase
from Southern p~cific R~ilroad of a 33~cre site nor*~ast of the Dalias/Fm't V/orth
Internatlonai Airport, Pren~iss Properties Limited, Inc. will develop the land, on~ of the
¼rgest contisuous Cracks available near the airport, as a master-planned i~Justrial park.
[~ is located in the City o! Coppeli, Dallas County.
The site, to be known as Park West Commerce Center, is prentiu/CopiaY~ first
indusl;rlal projec~ in ~he Dallas area. It is on ~he north side o! LB3 (I-63)) Freeway,
bordered by Beltline Road on the east, Freeport parkway on the west, Cowboy Drive mm
~he south and 5outhwestern Boulevard on the north. Airline Drive bisects the site, which
is fully served by utilities and ready tot immediate development. Park Wear Commerce
Center has lots that can l~e subdivided or combined to accommodate a varleW o!
industrial, research and development, ottice and retail users.
'The acquisition was made for several strategic reasons, including demand for the
dwindling supply ot lazge ,acts o! land wl~h good access tot industrial uae near DFV/
Airport,' said Mlichael V. Prentiss, president and CEO ot Prenlis, Properties Limited,
Inc., which will develop, ~e ~ |ea~ the pafko ~ believe the timing is excellen~
and we are well positioned amor~ the competition for our entry in ~he market,w he added.
~rhe park is a continuation of Prentiss Propertiese succe~ful development and
marketin8 of the Psrk We~t office community to'the east~ at l-&~ and I-3~E. We are
developin8 the new Park West Commerc~ Center parcels for build-to-suit and speculative
opportunities, while sellin~ other lots to us~rr~~ explained Mike Tucker, Prentiss
Properties vice president of development.
Wicker & Associates reprmnted the seller! Tucker represented Prentiss/Copley in
the transaction. Prentiss Progerties will be th~ exclusive a~ent for Park West Commerce
Center.
Nearly half the Prentlss/Copl~y $2 billion-plus portfolio are industrial properties,
located in Cailfornia, Chicago and New ~ersey. Prentiss Properties has develoged,
rnanages and leases 17 million square feet of industrial, office and mixed-use projects for
Prentiss/Copley in major markets throu~ ~ nation. Prentiss Properti~ also
manages ~.~ million square feet of properties for other owners, developers and investors~
including Travelers Realty Investment Company~ The [rvine Company and TCV,' Realty
Advisors.
R~IT./NEWSRRLO 10