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Binswanger Announces Sale of Former CVS/Eckerd Distribution Center in Garland, Texas -- Resulting in New Local Job Opportunities.


DALLAS -- Representing the seller, CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file.  Corporation, Binswanger is pleased to announce the sale of a 277,740 sq. ft. facility with acreage in Garland, Texas Garland is a city in Dallas County, Texas, (USA). It is a northeastern suburb of Dallas and is a major part of the Dallas-Fort Worth Metroplex. As of the 2000 census, the city had a population of 215,768, making it the tenth-most populous city in Texas and the eighty-sixth most . The sale price was $5,100,000.

CraftMaster Manufacturing, Inc. of Chicago, IL purchased the property for use as a new manufacturing facility. Makers of interior doors, treated exterior composite trim and treated exterior panels for residential, commercial and industrial users, CraftMaster markets its products under the names CraftMaster, MiraTECH, and Extera.

Due to the fact that the function of the facility is changing from that of a distribution center to a manufacturing site, many new jobs are expected to be created as a result of this sale. According to according to
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 Ayako Oi, Director of Economic Development for the City of Garland, the new CraftMaster manufacturing plant will bring 60 new jobs into town in its first year of operation and 150 jobs by year four.

"Binswanger is very pleased to not only have sold the facility on behalf of CVS, but we are also thrilled that Garland will benefit by the increased number of jobs in the community. It's truly a win-win situation," commented J. Holmes Davis, IV, Senior Vice President.

CVS obtained this property when they acquired Eckerd Corporation in 2004.

This remarkable building features precast concrete precast concrete

Concrete cast into structural members under factory conditions and then brought to the building site. A 20th-century development, precasting increases the strength and finish durability of the member and decreases time and construction costs.
 tilt wall panels; 6" reinforced concrete reinforced concrete

Concrete in which steel is embedded in such a manner that the two materials act together in resisting forces. The reinforcing steel—rods, bars, or mesh—absorbs the tensile, shear, and sometimes the compressive stresses in a concrete
 floors; ceiling heights to 29' clear; columns spaced 35' x 35' and 36' x 36'; 100% wet sprinkler system; all utilities; high-pressure sodium and metal halide halide: see halogen.  lighting; 26,041 sq. ft. of modern office space; and numerous dock-high and ramp level doors.

Headquartered in Philadelphia, PA, Binswanger is an international full-service real estate organization with offices worldwide throughout the U.S.A., Canada, Mexico and South America, the U.K. and Europe, the Middle East, and Asia.
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Publication:Business Wire
Date:Oct 17, 2006
Words:296
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