DH Pace
166,000 sq. ft.
Relocation and consolidation for exponential growth
Build-to-Suit for a Growing Company
Success Story for Michael Bennett and Jim Bob Taylor of Cresa Global, Inc. and Test Rite
Client
- Test Rite
- 350,000 sq. ft.
- Industrial
Locations
- Atlanta
Services Provided
- Transaction Management
Cresa Team
- Jim Bob Taylor
- Michael Bennett
Client Objectives
Test Rite group has an expanding client base and due to that explosive growth they needed to increase their footprint and own the new facility. Test Rite currently has 120,000 SF leased in two facilities. The growth projections over the next 10 years has them doubling their customer base. The new location requires the building delivery 1st Quarter 2020 with the following scope:- Multi-market search which included Nashville, Memphis, and Atlanta
- 350,000 SF facility with 125 employees
- 36' clear height, cross dock configuration
- 45 dock doors
- Built-to-suit to purchase
- 20,000 SF of office
- Sublease their 2 existing facilities
Results
Cresa created a detailed scope of work for the 350,000 SF project. The competitive environment that Cresa created in a very restricted area provided incredible savings totaling $5.2 million for Test Rite.
