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Foundry Commercial is developing its seventh office-to-industrial conversion project and its second in the Dallas market. The company will replace a 250,000-square-foot, 1980s era office building with two industrial assets totaling more than 300,000 square feet of space in Plano, Texas. Demolition work is set to begin this month and the developer expects to complete both new buildings by the first quarter of 2026.

Foundry acquired the office building and the associated 22 acres of land earlier this year. Dallas-based Thirty-Four Commercial was engaged by the unidentified seller to market the property to office users. As the market shifted and the demand for Class A industrial supply increased, the brokerage firm reached out to Foundry to buy the property.