DALLAS-A high-profile company, with a low-profile mandate, has leased 175,000 sf or slightly more for a 250,000-sf spec development, now being groomed with a costly, specialty finish-out. Neither side’s talking about the win, but they’ve confirmed the signed contract for the Pinnacle Park building.

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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