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FlexEtc invested $16.5 million to turn a 100,000-square-foot building into 76 warehouse spaces and eight offices. The building opened in early May and is currently more than 30% leased to a diverse mix of tenants, including e-commerce businesses, artists and specialty product makers.

The Dallas Business Journal reports that FlexEtc acquired the building 18 months ago for an undisclosed price. The company funded the project using a combination of personal capital and a mortgage on the property.