Quest Windows Systems Inc.
329,000 sq. ft.
Quest Windows Systems Inc.
Mochila Fulfillment, LLC
Successfully closing on an industrial property in the midst of the pandemic.
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Client
- Mochila Fulfillment, LLC
- 155,425 sq. ft.
- Industrial
- Transportation and Logistics
Locations
- Dallas
- Philadelphia
Services Provided
- Transaction Management
Cresa Team
- Alex Coe
- Margo S. Mocarski
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.
