Innovative Peening Systems
31,858 sq. ft.
Leveraging a tight market to capture the best price for an industrial building.
Consolidating a Four-Building Operation to one, 170,000 SF Industrial Facility
Success Story by Jim Bob Taylor and Michael Bennett for DH Pace, 5105 Avalon Ridge Pkwy
Client
- DH Pace- Overhead Door
- 170,000 sq. ft.
- Industrial
Locations
- Atlanta
Services Provided
- Transaction Management
Cresa Team
- Jim Bob Taylor
- Michael Bennett
Client Objectives
Cresa was tasked with the following objectives:
- Locate a 150,000 to 200,000 SF building to purchase with ample parking and office space in the Northwest & Northeast Corridors
- HQ corporate image required
- Purchase Option required
- Sell existing locations
- 1031 tax-free exchange on 3 properties
Results
Cresa successfully negotiated a seven year lease with a purchase option after six months. This enabled DH Pace enough time to sell their existing buildings and do a 1031 Tax-Free Exchange.
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