ABC Supply Company
16,000 sq. ft.
ABC Supply Company
Continuity of Manufacturing Operation and Energy Savings during property sale
Cresa was formally engaged in the renewal process 12 months prior to lease expiration. With a tight market and a potential lengthy phased relocation process, Cresa helped the client build a relocation proforma. Though capital markets relationships, Cresa was able to learn an eminent building sale was to occur.
Under the circumstance, Cresa advised the client a quick deal could accomplish significantly lower than market economics and incentives. Cresa executed the strategy by securing 6 months of free rent, and an offset to a planned solar array project. Cresa led the RFP process to procure a solar provider, secured a 10-yr PPA, which investment yielded a payback period of less than 2 years.