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FORT WORTH-VStructural LLC, looking to relocate and expand, has upsized to 72,640 sf of class A industrial space in a 10-year lease for RiverPark Business Center. The company, now in 25,000 sf, will move in Dec. 1.

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.”

VStructural’s finish-out design will be done at the end of next week, according to Jackson, who says it calls for 15,000 sf of office. “We’ll bid it, permit it and start right away,” he emphasizes.

RiverPark’s building A carries a quoted rate of $4.95 per sf, triple net, with a $7 per sf tenant-improvement allowance. The soon-to-deliver spec, with a 32-foot clear height, is tagged at $3.50 per sf, triple net, with a $3 per sf TI stipend.

Collins says VStructural will have a couple months left on its lease when it moves from a 10-year location. “It’s a significant increase in space. They’ve had some good strong growth,” says Collins, who partnered with his brother, Kirk, also a C&W broker in Dallas.

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