Nelson Companies One LLC, also known as NCO Global, recently secured a significant lease in West Dallas, marking a substantial move for the company in expanding its operations.
The lease, covering an expansive 100,000 square feet, encompasses the entire building located at 8611 Ambassador Row in West Dallas, as announced by commercial real estate brokerage Holt Lunsford Commercial via social media.
About NCO Global and Cell-O-Core Brand
NCO Global, through its Cell-O-Core brand, is a major producer of various disposable products including drinking straws, stirrers, cutlery, and consumables. The company boasts an impressive output, manufacturing over 20 million units of these products daily, as stated on its website. Founded in 1945, Cell-O-Core proudly claims the title of the largest independent producer of drinking straws in North America.
The Deal and Key Players
The transaction was facilitated by Cameron Rogers, an industrial broker representing Rubicon Representation. Marketing efforts for the building were led by Canon Shoults and Maddy Coffman from Holt Lunsford Commercial.
Property Ownership and Details
Owned by an affiliate of Canadian real estate investment firm Oxford Properties Group since 2021, the building holds historical significance, having been constructed in 1955 according to Dallas Central Appraisal District records. Estimated at just under $7.7 million in value, the building’s owners have a pending appraisal protest hearing scheduled for June 17.
NCO Global: Operations and Location
Based in Wadsworth, Ohio, in close proximity to Akron, NCO Global serves a diverse range of industries including food and beverage, leisure and gas, medical, and automotive. Despite attempts to reach out to the company and its representatives, no further details about the specific utilization of the leased space have been disclosed.
Dallas-Fort Worth Logistics Hub
Dallas-Fort Worth (DFW) maintains its status as a pivotal logistics hub within the nation, evidenced by the continual influx of industrial real estate activities. According to a report by Cushman & Wakefield, companies have leased over 10.1 million square feet of industrial real estate in the region during the first quarter, ranking second highest nationwide. The robust demand has also spurred a considerable construction pipeline, with nearly 29 million square feet of industrial space currently under construction throughout the region.
Notable Lease Transactions
Several notable lease transactions underscore the region’s economic vitality. These include Post Food’s substantial 1.1 million-square-foot lease in Wilmer, Barrett Distribution Centers’ significant 529,000-square-foot lease in Forney, and Frito-Lay’s sizable lease of almost 516,000 square feet in southern Dallas, according to insights provided by commercial brokerages.
Conclusion: Dallas’s Growing Industrial Landscape
The recent lease agreement between Nelson Companies One LLC and the property in West Dallas is emblematic of the region’s burgeoning industrial landscape. As Dallas-Fort Worth maintains its position as a key logistics hub, attracting major players across diverse sectors, such transactions underscore the region’s economic resilience and potential for continued growth. Stay tuned for further developments as companies like NCO Global shape the industrial fabric of Dallas and beyond.
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