SUCCESS STORY
Industrial
Project: Corporate Headquarters and Distribution Facilities
Size: 120,000 SF
Service/s: Advisory, Acquisition / Disposition

The Client’s operations were spread across three facilities, Excelsior Advisory supported the uncovering of an off-market 32’ clear distribution center to consolidate and expand office and warehousing functions. The project entailed a complex lease transaction, expansion of new service lines and the ability to expand reach within its defined geographic footprint.

RESULTS

The 120,000 SF building consolidated corporate office and warehousing functions and created numerous operational efficiencies while providing a collaborative office environment for employees. Final transactions consisted of rental rates 40% below market rate, successfully selling 54,000 SF of headquarters space and subleasing 40,000 SF of excess warehouse space within 12 months of relocation.