Park West CC(18)-CS 890908 (2)FOR IMMEDIATE RELEASE
CONTACT= Richard Toth
214/761-1440
September 8, 1989
PRENTISS PROPERTIES STARTS ITS FIRST
INDUSTRIAL BUILDING IN DALLAS-FORT WORTH
DALLAS,TX. -- Prentiss Properties Limited, Inc., one of the
nation's largest commercial real estate firms, today announced
start of its first industrial building in the Dallas-Fort Worth
area. Prentiss Properties will develop a 140,000 square foot
warehouse-office structure in newly purchased Park West Commerce
Center just northeast of DFW International Airport.
Construction of the single-story building has begun on a
seven-acre site a rt Parkway and Airline Driv~'~just north
of LBJ (IH-635) F~eway and west of Belt Line i~ L~ity of
Coppell, Dallas County. Completion is scheduled this fall on the
precast concrete structure which is designed to accommodate one
or more tenants. HMBH, Dallas, is the architectl contractor is
Hill & Wilkinson. Financing is by First Chicago.
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Page 2
"The first building in Park West Commerce Center responds to
the growing demand for and dwindling supply of industrial space
in the market, especially with good access near the airport,"
said Michael R. Tucker, Prentiss Properties vice president of
development for the 336-acre site purchased by The
Prentiss/Copley Investment Group in January.
Upon completion, Park West Commerce Center will have up to
six million sq_uare feet of industrial, retail corporate campus or
garden office space. In addition to development for tenant
needs, Prentiss Properties also has lots with all utilities in
place for sale or build-to-suit.
"We now will have half a million square feet of space under
construction in the LBJ West corridor," observed Tucker,
including a 350,000 square foot office building scheduled for
completion this November in Park West office center to the east,
at IH-635 and 1-35E. Prentiss Properties completed development
of the 342-room Doubletree Hotel at Park West this summer.
The fully sprinklered structure in Park West Commerce Center
will have interior clear height of 24 feet, with 40-by-40-foot
storage bays. Up to 30 percent of the spa~e will be available
for office use, with the remainder designed for storage,
distribution and light manufacturing uses.
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