Expansion & Sublease of Company Warehouse Space

Results

• MDSi signed a 86,660 SF lease to expand its operations into a new, first generation space just a half mile from it’s headquarters space.

• The building was large enough to handle the strong project growth of MDSi.

• The lease term negotiated was five years with favorable concessions including free rent and a substantial tenant improvement package to customize the build out of the space.

• Cresa’s Project Management team provided site evaluation, assistance with test fits, and construction cost estimating, as well as design, construction, warehouse establishment, and relocation services.

• Cresa subleased the 24,064 SF secondary warehouse space to a creditworthy subtenant that occupied right after MDSi vacated. The subtenant occupied the space for the remainder of the master lease term which saved MDSi approximately $275,000 of rental payments.

• Cresa Atlanta partnered with their Philly office to locate a 40,000 SF, short term lease in Allentown. This gave MDSi the flexibility they needed for future growth.