Leveraging labor data and market analytics to target and fast-track site selection and lease negotiations

Results

Actions
With labor and industrial availability being at the forefront, Cresa leveraged dynamic analytical tools and data to target areas that could support a sound and practical solution. While further understanding and honing in on lease costs and labor drive-times, AQS and Cresa began focusing west of their current facility toward the Carrollton, TX submarket. Cresa and AQS identified and toured nine properties in proximity to accessible talent and labor. Additional studies proved that a particular opportunity in Carrollton would result in the optimal solution.

Results
Cresa targeted a market expansion opportunity that could meet AQS’s business and labor needs. Throughout the entire negotiation process there was constant competition for the proposed new facility. The upfront due diligence and preparations between both Cresa and AQS enabled them to move swiftly through negotiations with the landlord. Cresa’s efficient and fastidious advisory services prevailed, and AQS signed a new lease less than 3 weeks after starting the process. The new facility included newly built out office space, 100% air-conditioned warehouse space and heavy power to support AQS’s machinery.