A new company will use the facility at the corner of Plano Parkway and Coit Road, which has served as a printing plant for The Dallas Morning News since the 1980s.
COLLIN COUNTY, Texas — The company that owns the Dallas Morning News has closed on the sale of its printing facility in Plano for $43.5 million, according to a press release.
The facility, located in the 3900 block of W. Plano Parkway, has served as a hub for The Dallas Morning News’ print operations since 1983, according to a press release from Foundry Commercial and Holt Lunsford Commercial.
North Texas-based golf cart manufacturer Denago EV will use the facility going forward as its southern U.S. production and manufacturing base.
The Dallas Morning News, for its part, moved its printing operations into a smaller, leased facility in Carrollton.
DallasNews Corporation initially announced the sale of the property Dec. 16, 2024, and said in a press release that it plans to use the proceeds to help fund its pension liabilities.
“We are very pleased with the financial outcome from the sale of our Plano facility. This is an important milestone in our Return to Growth Plan and the additional value of voluntarily fully funding our pension plan brings certainty regarding retirement benefits for more than 1,300 current and former employees,” said DallasNews Corp. CEO Grant Moise in a statement.
Foundry Commercial and Holt Lunsford Commercial announced that the nearly 29-acre former printing plant at the corner of Plano Parkway and Coit Road, which has served as a hub for The Dallas Morning News’ printing operations since 1983, was on the market in September 2024.
