The lease will be located at Everman Trade Center Building A at 160 W Everman Fwy.
FORT WORTH—More firms are choosing DFW for expansion, and this strategy was evident in a recent lease by global sports nutrition and performance beverage company, Vital Pharmaceuticals Inc., makers of the popular Bang Energy products. In doing so, the firm will add an additional 217,537 square feet to its logistical footprint in Fort Worth. The new industrial lease will be located at Everman Trade Center Building A at 160 W Everman Fwy.
JLL's Jamie Galati and Sky Groden represented Vital Pharmaceuticals Inc. in the lease negotiation. Holt Lunsford Commercial's Matt Carthey and Thomas Grafton represented the landlord, Everman Trade Center LP.
"This shows that their strategy to grow in the dynamic DFW market and specifically the resurging South Fort Worth submarket is succeeding exceptionally well," said Galati.
This new lease neighbors the company's initial 38,463-square-foot logistics center located within Building B.
"This expansion marks another big step in their national growth strategy," Galati tells GlobeSt.com. "They are eager to increase their footprint here in DFW and continue to take advantage of strong industrial fundamentals in the South Fort Worth submarket. We are thrilled to have played a part in helping them meet the demands of a loyal and growing customer base."
According to JLL research, the industrial market in North Texas remains strong with demand driven by population and economic growth, at both the regional and national levels, positioning the Dallas-Fort Worth industrial market among the most active in the US. Even as demand continues to keep pace with unprecedented supply, mostly speculative, vacancy levels have remained relatively flat. More than 15.9 million square feet of new industrial product was delivered through third quarter 2019 and an additional 25.3 million square feet are currently under construction.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
