Park West CC(1)-CS 890110,.t::,:Prent ss/Copl y
i buys c°PPell site
Industrial park planned near D/FW
By Jim Mitchell
prentiss/copley Investment
Group has bought 336 acres
' In
nOrtheast of Dallas/Fort WOrth '
ternational Airport for a major in-
dustrial park in Coppell.
Tlxe tract -- to be known as
Park West Commerce Center --
avill be developed on a site bor-
dered by Southwestern Boulevard
on the north, Cowboy Drive on
the south, Belt IAne R omi on the
eas~. and Preepsr~ Parkway on the
west.
Prentiss/Copley, which ac-
quired the land from Southern Pa-
cific Railroad for an undisclosed
price, said its Prentiss Properties
Ltd. Inc. unit will develop, lease
and manage the industrial park.
The industrial, park would be the
company's first in the Dallas-Fort
Worth area.
Michael Prentiss, presidelit
and chief ~executive officer of
Prentiss Properties, described the
purchase as a "strategic" acquisi-
tion, in part, prompted by a rela-
tive scarcity of large tracts of
land near the airport that can be
developed .for industrial uses. The
complex is to be used for build-to-
suit and speculative opportunb
ties, and can be divided to accom-
modate 'industrial, research and
development, office and retail
uses, Prentiss officials said.
Prentiss Pr°perties officials
said the industrial park is a natu-
ral extension of the tim's Park
West'office park near 1.635 and I-
~sv.. About I million square feet
or about ~O percent of the Park
West office park is occupied,
Prentiss officials said.
In 1!~7, Prentiss/Copley Invest-
ments Ltd., a parmership formed
by Dallas developer Michael Pren-
riss and Copley Real Estate Advi-
sors inc., an affiliate of New Eng-
land Mutua!~ Life Insurance Co.,
bought substantially all of To-
ronto-based Cadillac Fairview
Corp.'s U.S. office buildings and
industrial parks.
Today, industrial properties in
California, Chicago and New Jer-
sey make up nearly half of
Prentiss/Copley's more than $2
billion real estate portfolio. Pren-
riss Properties has developed.
leased and managed 17 million
square fe~t of industrial, office
and mixed use space nationwide
for Prentiss/Copley.
Other Prentiss holdings in-
clude First City Center and P~
citic Place in downtown Dallas.