Expansion & Sublease of Company Warehouse Space

Success Story by Michael Bennett, Jim Bob Taylor, & Sam Peng for MDSi
Client
  • MDSi
Space
  • 86,660 sq. ft.
Industry
  • Technology
  • Transportation and Logistics
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Locations
  • Atlanta
Services Provided
  • Transaction Management
  • Project Management
Cresa Team
  • Michael Bennett
  • Jim Bob Taylor
  • Samuel Peng

Client Objectives

MDSi occupied three buildings totaling approximately 130,000 SF in North Atlanta. They needed to expand their footprint to support company growth across its supply chain and technical services offerings. Along with the expansion, MDSi wanted to sublease their secondary 24,064 SF warehouse in North Atlanta that would be consolidated into the new, larger facility.

Results

  • MDSi signed a 86,660 SF lease to expand its operations into a new, first generation space just a half mile from it’s headquarters space.
  • The building was large enough to handle the strong project growth of MDSi.
  • The lease term negotiated was five years with favorable concessions including free rent and a substantial tenant improvement package to customize the build out of the space.
  • Cresa’s Project Management team provided site evaluation, assistance with test fits, and construction cost estimating, as well as design, construction, warehouse establishment, and relocation services.
  • Cresa subleased the 24,064 SF secondary warehouse space to a creditworthy subtenant that occupied right after MDSi vacated. The subtenant occupied the space for the remainder of the master lease term which saved MDSi approximately $275,000 of rental payments.

 

6185 Shiloh Crossing

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