Dallas Morning News Printing Facility Sale

Overview

The right broker, buyer, and deal structure made all the difference in the sale of this highly specialized industrial asset in Plano, TX.

Location

3900 W. Plano Parkway
Plano, Texas

OVERVIEW

In 2025, Foundry Commercial co-brokered the $43.5 million sale of The Dallas Morning News’ 620,000-square-foot printing facility in Plano, Texas. The landmark property—home to The News’ printing operations since 1983—was acquired by Denago EV, an emerging electric vehicle manufacturer establishing its Southern U.S. hub. The transaction marked a transformative transition from legacy media production to next-generation advanced manufacturing.

As DallasNews Corporation evaluated its long-term operational strategy, the disposition of this highly specialized industrial asset required careful positioning and targeted buyer outreach. Foundry Commercial partnered with Holt Lunsford Commercial, Preston Capital Realty, and Paladin Partners to market the property and identify a user capable of unlocking its manufacturing value.

Denago EV recognized the facility’s inherent infrastructure advantages and opted for direct adaptive reuse rather than speculative redevelopment. The strategic purchase resulted in a sale price above early expectations and delivered meaningful financial impact for the seller. Proceeds enabled DallasNews Corporation to fully fund pensions for all 1,300 employees – an extraordinary milestone – and strengthened the company’s position ahead of its subsequent acquisition by Hearst Media.

Beyond financial outcomes, the transaction secured an advanced manufacturing user for the City of Plano, supporting job retention and long-term economic vitality. Denago EV also committed to preserving select historic Dallas Morning News memorabilia within the building, honoring its cultural legacy.

The sale exemplifies Foundry Commercial’s ability to steward complex, high-profile transactions that create value for clients while generating lasting community impact.