VStructural, a Hanover, MD-based manufacturer of post tensioning and specialty reinforcement systems, has bumped occupancy to 91% in Granite Properties' building A, a 145,400-sf front-park, rear-load design at 15600 Trinity Blvd. The occupancy boost has come just weeks before the Dallas-based developer delivers the park's second building--a 355,328-sf cross-dock spec.
Mark Collins, a local broker with Cushman & Wakefield of Texas Inc., says VStructural's search and negotiations lasted at least six months, with the hunt focused on the Great Southwest Industrial District from US Hwy. 360 north to CentrePort Business Park beside Dallas/Fort Worth International Airport. Up against stiff competition in the submarket, RiverPark won the nod because it meant "an improved image and allowed VStructural to consolidate and expand," he says. "It's a good corporate image with high visibility." The company now occupies space in two buildings at 1609 109th St. in Grand Prairie.
Jeff Jackson, Granite's industrial leasing manager, tells GlobeSt.com that the deal, like others in today's market, did include free rent. "We just felt like we couldn't let this deal go. We didn't want to lose it," he says. "With a great credit company, this size of a deal and they'll be there a long time, we were fortunate to get the deal."
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