CE North America
50,000 sq. ft.
Corporate headquarter sale-disposition with short term leaseback
Electrical distributor CED wanted to relocate and expand its then-current space to a facility that could better position its distribution network from Miami to the Keys. The company was looking for a facility that fulfilled the following requirements:
With the help of Cresa’s local industrial advisors, CED considered several new and existing industrial parks that met their space specifications. The distributor ultimately selected a location in a new industrial park that was under construction by a merchant developer.
The new facility’s outside storage component freed up costly warehouse space, allowing for bulkier items to still be stored onsite and improving workflow.
The Miami expansion/relocation facility had a 26% office to warehouse ratio in a market that is typically 5-10% office and t n he Cresa team was able to negotiate an above standard office build-out on a turnkey basis.