Cresa Represents MDSi in its 86,660 SF Warehouse Expansion, Additionally Subleasing its Secondary Warehouse
This article originally appeared in citybizlist.
MDSi, Inc., a leading IT Solutions Partner with a comprehensive portfolio of products, professional services and supply chain solutions, has signed a 86,660-square-foot lease to expand its operations into new, first generation space. The Class A warehouse is located at 6185 Shiloh Crossing in Alpharetta, Ga., just a half mile from MDSi’s headquarters space at 6255 Shiloh Road.
Michael Bennett and Jim Bob Taylor of Cresa Global, Inc., the world’s largest tenant-only commercial real estate advisory firm, represented MDSi in the transaction.
MDSi needed to expand its footprint to support company growth across its supply chain and technical services offerings. MDSi signed a five-year lease with favorable concessions, aligning with MDSI’s financial goals for this new location. The high-profile space will enable MDSi to customize new build-out and support the company’s strong growth trajectory.
“MDSi experienced tremendous growth in FY2020 and, to provide the same quality solutions and services, continues to invest in the expansion of our footprint and capacity,” said Larry Schilling, President & COO of MDSi. “MDSi has expanded logistics, supply chain, stage and configuration services, while introducing net new capabilities to further deliver for the largest companies in the world.”
Sam Peng of Cresa’s Project Management team provided site evaluation, assistance with test fits, and construction cost estimating during the transaction. Peng additionally oversaw all PM services for design, construction, warehouse establishment, and relocation.
The new facility was built in 2019 and is located just east of GA 400 off McFarland Parkway. The warehouse has a 24’ ceiling height and is a short, 15-minute trip into the perimeter. MDSi is expected to start occupying the space April 1, 2021.
MDSi additionally needed to sublease its secondary, 24,064 SF warehouse in Alpharetta to consolidate operations into the new, larger facility. Cresa listed the sublease and was able to find a subtenant to occupy for the rest of the lease term starting June 1, 2021.