ROANOKE, TX-The St. Louis-based Thermadyne Holdings Corp., parent of North Texas subsidiary Victor Equipment, has exercised an expansion option to increase its footprint to 177,666 sf or 64% of a six-month-old warehouse in AllianceTexas.

“Victor signed a five year-plus lease last year,” says Tony Creme with Hillwood Development Corp., the building owner, “and the new space is a co-terminus addition, concluding at the same time as the initial lease.” Victor Equipment leased 113,500 sf in October 2003, with an option for extra space in the 277,333-sf Gateway 58 at 800 Henrietta Creek Rd. in Roanoke’s section of AllianceTexas.

With business booming, the oil and gas rig parts manufacturer took down another 64,166 sf. The expansion contains a higher office finish than the original space–12% office build-out with the rest devoted to light manufacturing. Creme says the finish-out preserves and reserves the firm’s growth options. Victor Equipment, now as it did before, had Dan Spika of Dallas-based Henry S. Miller Commercial bargain its terms.

Hillwood is committed to having a one-million-sf buffer of ready-to-go space so the Victor expansion is helping to spur new building in the 15,000-acre AllianceTexas, now up to 12 million sf of owned office/warehouse and distribution product. “Hillwood will break ground this summer on one, maybe two spec buildings, ensuring 300,000 to 500,000 new sf of available space,” Creme tells GlobeSt.com.

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