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
Space
170,000 sq. ft.
Industry
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.