CASE STUDY

Flextronics International

780 Shiloh Road
Plano, TX 75074

Assignment Size

1,500,000 SF

Occupier Services Provided

  • Strategic Planning
  • Market Research
  • Site Selection
  • Lease & Purchase Negotiations
  • Financial Analysis
  • Tax Consulting
  • Project Management & Facility
  • Management Consulting
  • Architectural & Space Planning
  • Construction Management

Client Feedback

With the large growth that Flextronics has experienced throughout the past decade comes equally large real estate challenges. We have relied heavily on Scott Jessen and Scott Morse’s in-depth experience to help manage our real estate needs, both large and small. They have been instrumental in assisting us with property disposition, leasing, subleasing and identifying markets which have minimized our exposures and maximized our profits.

Bill Biancaniello
General Manager
Copyright ©2022 Citadel Partners, LLC. The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.

The Challenge

Flextronics International wanted to design, build and acquire a state-of-the-art contract manufacturing campus as close to the Telecom Corridor in North Texas as possible. They desired 125 acres, municipalities with triple free-port exemption, and wanted to offer tax incentives for both personal and real property taxes.

Our Strategic Approach

  • Identify existing structures with expansion capabilities in the area
  • Identify sites to accommodate campus
  • Understand double and triple Freeport benefits and any available tax incentives
  • Identify costs for design build

The Outcome

The Citadel team created a strategy for short-term expansion and long-term corporate campus development. Five different property owners were convinced to sell properties, with two being developers, desirous to build final product. A 10 year, 50% tax abatement on all real and personal property taxes was successfully negotiated as well as overall savings that equate to roughly $15,000,000. The real estate team was awarded the William C. Jennings “Lone Star Award” from the Texas Association of Realtors for the Best Commercial Real Estate Transaction in the state of Texas.

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