TTM property sale closer to done deal

DALLAS -- Talk of a sale of the TTM Technologies building on Monmouth Cutoff Road in Dallas appear to be more than just rumors.



DALLAS -- Talk of a sale of the TTM Technologies building on Monmouth Cutoff Road in Dallas appear to be more than just rumors.

City and county officials have confirmed last week that a sale is pending and due to close in the next few weeks.

"We are aware of a tentative offer that TTM is considering," Polk County Assessor Doug Schmidt said.

Dallas Community Development Director Jason Locke said the city has received the same information. He said the city is hoping to see some activity on the site as early as this summer.

That is where knowledge ends, however.

Neither Locke nor Schmidt knew who the potential buyer is. Both TTM and the real estate firm representing the company, CB Richard Ellis, haven't returned calls for information on the sale.

Schmidt said he isn't likely to find out anymore about the sale until it's recorded with his office. At that time the buyer and sale price will be recorded.

The property was scheduled for auction earlier this spring, but that was canceled before the online auction began. Don Riggins of CB Richard Ellis said at the time that there was interest in a deal outside the auction format.

The facility has been empty since early 2007, after TTM's announcement in December 2006 that it was shutting down the printed circuit board plant. TTM had just bought the plant from Tyco International that October.



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