Manufacturing Renewal vs. Relocation

Client
  • Manchester Industries
Space
  • 50,000 sq. ft.
Industry
  • Industrial
Locations
  • Charlotte
Services Provided
  • Transaction Management
Cresa Team
  • Jack Glasgow

Client Objectives

Manchester Industries had been a long term tenant in an industrial facility they used for a paper converting operation in Farmers Branch, TX.  As the operation had grown, the space had become more inefficient and Manchester was convinced that they would need to relocate in order to achieve a more efficient process flow for a long term solution – an expensive proposition for a manufacturing operation.

Results

  • Helped client evaluate over 20 relocation options in the market
  • Simultaneously worked with client to develop a strategy to reconfigure the operation in the existing premises to achieve better efficiencies
  • Negotiated renewal terms that provided – (1) significant improvement allowance allowing client to reconfigure operation within existing premises and achieve better efficiencies; (2) below market rate structure with a fixed rate renewal option providing long term below market rates; (3) achieved material cost savings from both lost production time and hard relocation costs from not having to relocate.
 

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