DALLAS — A company that says it produces tens of millions of drinking straws and other products took a big lease in West Dallas.
Nelson Companies One LLC, also known as NCO Global, signed a 100,000-square-foot lease for the entirety of the building at 8611 Ambassador Row in West Dallas, commercial real estate brokerage Holt Lunsford Commercial announced on social media.
The company's Cell-O-Core brand produces more than 20 million drinking straws, stirrers, cutlery and consumables every day, according to NCO Global's website. Cell-O-Core's website says it is the largest independent drinking straw producer in North America, founded in 1945.
Cameron Rogers, an industrial broker for Rubicon Representation, worked on the deal, the post said. Canon Shoults and Maddy Coffman of Holt Lunsford Commercial marketed the building for sale.
An affiliate of Canadian real estate investment firm Oxford Properties Group has owned the building since 2021, according to Dallas County records. The building was constructed in 1955, according to Dallas Central Appraisal District, which estimates the building's value at just under $7.7 million — though the owners have an appraisal protest hearing scheduled for June 17.
NCO Global is based in Wadsworth, Ohio, near Akron. The company produces drinking straws, balloons and other products for the food and beverage; leisure and gas; medical; and automotive industries, according to its LinkedIn profile. Attempts to reach the company and its brokers were unsuccessful. It's unclear how the company will use the space.
DFW continues as a prominent logistics hub for the nation. Companies have leased more than 10.1 million square feet of industrial real estate, the second-highest total nationwide for the first quarter, according to a Cushman & Wakefield report. Strong demand has also helped create a robust construction pipeline of newer class A buildings, the firm says, counting nearly 29 million square feet of industrial space under construction throughout the region.
The largest lease transactions for the quarter were Post Food's 1.1 million-square-foot lease in Wilmer; Barrett Distribution Centers' 529,000-square-foot lease in Forney, and Frito-Lay's almost 516,000-square-foot lease in southern Dallas, according to the commercial brokerage.
