Shelli Echevarria and David Haymes with WestMark Commercial/TCN Worldwide recently completed a tenant rep deal to secure a 10-year lease of 57,725 SF in what was a flight simulation building at former Reese Air Force Base in Lubbock. The base has been converted into a business and research park called Reese Technology Center.
Subject Property: 9712 4th Drive Building #930 Lubbock, Texas 79410
This building spans 95,578 SF, comprising three stories with East and West wings equipped with a cargo elevator. Each wing houses office and/or classroom spaces, featuring eight flight stimulator bays measuring 31.5’ by 57’ each (2,500 SF each bay). Situated off HWY 114 in West Lubbock.
Lease Term: 10 years
Lease Value: $1.9 Million
About the Client: Vulpes Corp., established in 2018, is a U.S company dedicated to onshoring chemical manufacturing. Functioning as a strategic supplier for global chemical corporations and a direct supplier of affordable agrochemicals to farmers, Vulpes is led by CTO Dihu Tu, a pioneer in manufacturing offshoring during the 90’s and early 2000’s. Yu, formally the driving force behind Dike Chemical, grew the company from zero to $80 million in annual revenue over the past two decades. Now in the U.S., Yu is leveraging his technical expertise to assist global corporations in building cost-competitive and innovative manufacturing infrastructure. Vulpes Cor. will utilize its Lubbock location to supply key chemicals across agriculture, industrial, and other sectors, addressing supply chain bottlenecks and provide a globally competitive option. This site positions Vulpes to fulfill these commitments and transform West Texas into an onshore manufacturing hub.
About the deal: Shelli & David responded to a call on one of their listings, initially showing the client an industrial property that did not align with the specific project needs. Recognizing the unique requirements, the agents proactively scouted both on and off-market properties to find a suitable match. Given the necessary clear height and intended use, they successfully directed the clients attention to Building #930 at the former Reese Air Force Base. Established in 1942, Reese AFB built and used its buildings to train over 25,000 pilots and closed in 1997 under the Base Realignment and Closure decision leaving over 2,000 acres and 72 buildings vacant. The Reese Technology Center, born from this closure, repurposed the space, transforming it into a hub for private companies and global organizations. Building #930, a former flight stimulation facility, will now undergo retrofitting by Vulpes Corp., breathing new life into a long-vacant structure and bringing employment opportunities to the community. The agents view this as a triumph benefiting both the client and the local community.