CORFAC News

FOR ADDITIONAL INFORMATION:
Jason Miller, 972-389-9006

DALLAS (June 11, 2012) – With Texas' vibrant commercial building as the draw, California-based Fibrwrap Construction Inc. has gained a gateway to the marketplace with a long-term lease for 10,057 sf of industrial flex space in Stoneridge Business Park.

The company is opening doors July 1 in the 40,450-sf Stoneridge Business Center 2 at 9050 Autobahn Dr., its seventh location in North America. Fibrwrap's search focused on Dallas' southern sector, with three industrial buildings making the short list, says Jason Miller, market director of Dallas-based Bradford Commercial Real Estate Services/CORFAC International.

The economics of the proposals turned the deal in Stoneridge Business Park's direction. "In the end, it all comes down to the dollar," Miller says. "The good thing is Stoneridge has a good image, drive-up appeal and an office that was easily configured to suit my client's needs."

The multi-building Stoneridge Business Park provides direct access to Interstates 20 and 35E as well as Hwy. 67. Canon Shoults of Holt Lunsford Commercial represented the landlord, MM Industrial Stoneridge I LP.

Further adding to its appeal, the suite was sporting fresh paint, new carpeting and a 4,300-sf office when Fibrwrap toured the second-generation space. "It was move-in ready," Miller says.

Headquartered in Southern California, the region's newest tenant also has offices in Atlanta, Oswego, Ill., Sacramento, Chantilly, Va., and Coquitlam, B.C. Established in 1988, Fibrwrap Construction is a global leader in Fiber Reinforced Polymer retrofit and structural strengthening for commercial buildings, government facilities, medical structures, bridges and industrial spaces, including refineries.

Bradford Commercial Real Estate Services/CORFAC International is a full-service real estate company based in Dallas with an annual transactions volume exceeding five million square feet. The company manages and leases more than 20 million square feet, valued at $300 million, in North Texas for its strategic partners.