Expanding and Consolidating a Four-Building Operation to a 170,000 SF Facility

Results

Locating Off-Market Deal: 

• Atlanta is at an all-time low vacancy rate for owner user buildings available for sale.

• Cresa used market research to determine off-market options.

• DH Pace selected a building that had been on the market for lease for over two years with a local developer.

• Cresa negotiated a 7-year lease with a purchase option after 6-months. The lease period gave Cresa the time they needed to sell their existing buildings and complete a tax-free exchange into the new building when they exercise their option.

Selling Three Existing Sites: 

• The properties were located inside I-285 and it was determined that the highest and best use for the buildings was no longer distribution but loft office redevelopment.

• Cresa successfully negotiated a three-building disposition for DH Pace.

Subleasing the Warehouse

• After selling the three existing buildings, Cresa additionally subleased DH Pace’s remaining 40,000 SF warehouse lease at 3331 Green Pointe Parkway, saving the company approximately $520,000.