Consolidating a Four-Building Operation to one, 170,000 SF Industrial Facility

Client
  • DH Pace- Overhead Door
Space
  • 170,000 sq. ft.
Industry
Services Provided
Cresa Team Cresa Office

client objectives and results

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Client Objectives

Cresa was tasked with the following objectives:

  • Locate a 150,000 to 200,000 SF building to purchase with ample parking and office space in the Northwest & Northeast Corridors
  • HQ corporate image required
  • Purchase Option required
  • Sell existing locations
  • 1031 tax-free exchange on 3 properties

Results

Cresa successfully negotiated a seven year lease with a purchase option after six months. This enabled DH Pace enough time to sell their existing buildings and do a 1031 Tax-Free Exchange.