California company acquires major productions facility in Indiana

Client
  • Javo Beverage Company
Space
  • 231,509 sq. ft.
Industry
  • Industrial
Locations
  • Indianapolis
Cresa Team
  • Leslie Teskey

Client Objectives

  • Due to explosive growth client needed a significant increase to their production capacity.
  • Client sought a more modest wage environment compared to their Southern California home base.
  • Client sought economic incentives to offset their start up costs in exchange for their job creation.
  • Client preferred to keep their capital employed in growing the business, rather than in acquiring real estate.
  • Due to a backlog in sales orders it was critical that production commence as quickly as possible.

Results

  • After considering other states, Cresa searched the State of Indiana for existing properties and Build to Suit opportunities.
  • Cresa identified competing developers who proposed build to suit solutions, and simultaneously located an ideal existing property.
  • Cresa negotiated a purchase well below list price, to including an expansive list of productions equipment, saving the client both time and money in meeting its production schedule.
  • Cresa sourced a third party to acquire the real estate and enter into a long-term lease with client, preserving the client’s capital for expanding their production operations.
Thanks for helping us get this done and for playing a key role in assisting us in taking Javo Beverage to a new and greater level of success.

Javo Beverage Company

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