Industrial Developments International Inc. won the nod from RPG Manufacturing, once connected to the St. Louis-based Ralston Purina Co. and now part of NCH Corp. of Irving, a manufacturer with a 450-product inventory that spans numerous industries. Cushman & Wakefield of Texas Inc.'s Gary Collett and Matt Heidelbaugh have been running the deal for RPG Manufacturing.
The pet products manufacturer is getting a high-ticket, specialty finish-out because its processes require a blending room, high-capacity drainage system and a paper-shedding facility, according to several developers from last fall's list when the C&W team was courting the marketplace. The deal on the table was a 10-year lease and a February 2005 move-in.
The IDI building, now in the midst of the heavy finish-out, started to rise in late 2003 at 4105 Rock Quarry Rd. near Pinnacle Park's Interstate 30 entrance. The 250,000-sf Building F, with a 30-foot clear height, was slated to deliver in August, but the finish-out requirement has crews still at work. IDI has an open rate on the building. The submarket's high-end average for flex space hovers $7 per sf, but that's for existing product with more routine finish-out.
RPG Manufacturing, an affiliate of the locally based Aquaterra Biochemical Corp. of America, is occupying a 153,000-sf industrial building, built in 1978 at 4707 Bronze Way in South Dallas' Red Bird Industrial Park.
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