Due to explosive growth client needed a significant increase to their production capacity.
Client sought a more modest wage environment compared to their Southern California home base.
Client sought economic incentives to offset their start up costs in exchange for their job creation.
Client preferred to keep their capital employed in growing the business, rather than in acquiring real estate.
Due to a backlog in sales orders it was critical that production commence as quickly as possible.
Results
After considering other states, Cresa searched the State of Indiana for existing properties and Build to Suit opportunities.
Cresa identified competing developers who proposed build to suit solutions, and simultaneously located an ideal existing property.
Cresa negotiated a purchase well below list price, to including an expansive list of productions equipment, saving the client both time and money in meeting its production schedule.
Cresa sourced a third party to acquire the real estate and enter into a long-term lease with client, preserving the client’s capital for expanding their production operations.
Thanks for helping us get this done and for playing a key role in assisting us in taking Javo Beverage to a new and greater level of success.