Mochila Fulfillment

Successfully closing on an industrial property in the midst of the pandemic.
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Client
  • Mochila Fulfillment
Space
  • 155,425 sq. ft.
Industry
  • Industrial
  • Transportation and Logistics
Locations
  • Dallas
  • Philadelphia
Services Provided
  • Transaction Management
  • Location Strategy & Economic Incentives
Cresa Team
  • Alex Coe
  • Margo Mocarski
  • Joel Zandstra

Client Objectives

Mochila Fulfillment (Mochila) specializes in e-commerce order fulfillment to high-growth retailers seeking to establish a branded fulfillment experience and offers third-party logistics services. Mochila had engaged Cresa on two previous industrial lease acquisitions in New Jersey and California and has their strategic sights on opening a facility in the Dallas / Fort Worth metroplex.

Results

Despite the process being impacted by the COVID-19 pandemic, Texas stay-at-home orders, and an economic downturn, Mochila signed a long-term lease in May 2020 for a brand-new, Central U.S. fulfillment warehouse.

Cresa successfully negotiated a substantial starting rate reduction, a generous rent abatement period, and a customized delivery of their new distribution hub. Cresa continues its commitment to Mochila by monitoring the build-out to ensure its completion aligns with the operation of the facility.

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