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Consolidating a Four-Building Operation to one, 170,000 SF Industrial Facility
Services Fournis
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.Related
Success Stories
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Innovative Peening Systems
Leveraging a tight market to capture the best price for an industrial building.
31,858 sq. ft.
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Rent The Runway
Expanding a Start-Up Company to Meet the Demand
319,000 sq. ft.
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DH Pace - Overhead Door
Expanding and Consolidating a Four-Building Operation to a 170,000 SF Facility
170,000 sq. ft.