Leveraging labor data and market analytics to target and fast-track site selection and lease negotiations
- AQS | All Quality and Services Inc.
- 80,780 sq. ft.
- Transaction Management
- Alex Coe
client objectives and resultsSee more success stories
Client ObjectivesAll Quality and Services Inc. (AQS) is a highly respected electronics manufacturing company who has been operating for over 30 years. Founded in California, AQS opened a facility in Garland, TX within the past five years. Through a client referral, AQS contacted Cresa to discuss real estate challenges they were encountering to support their current business demands. Initial conversations demonstrated that issues concern facility infrastructure, heavy power & HVAC, along with access to skilled labor proved to be determining factors to support an expansion strategy.
With labor and industrial availability being at the forefront, Cresa leveraged dynamic analytical tools and data to target areas that could support a sound and practical solution. While further understanding and honing in on lease costs and labor drive-times, AQS and Cresa began focusing west of their current facility toward the Carrollton, TX submarket. Cresa and AQS identified and toured nine properties in proximity to accessible talent and labor. Additional studies proved that a particular opportunity in Carrollton would result in the optimal solution.
Cresa targeted a market expansion opportunity that could meet AQS’s business and labor needs. Throughout the entire negotiation process there was constant competition for the proposed new facility. The upfront due diligence and preparations between both Cresa and AQS enabled them to move swiftly through negotiations with the landlord. Cresa’s efficient and fastidious advisory services prevailed, and AQS signed a new lease less than 3 weeks after starting the process. The new facility included newly built out office space, 100% air-conditioned warehouse space and heavy power to support AQS’s machinery.
Alex went above and beyond then this success story reveals. He understood our requirements clearly and presented only the most suitable options after his thorough research. Thus AQS could sign a lease without wasting time.John Lee | President