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50,000 SF
Northstar Ceramic Trading, LLC (Northstar), was experiencing explosive growth and needed to expand to meet revenue opportunities. The decision was made to relocate from their current 16,000 square foot location to a new 50,000 square foot facility. The preference by ownership was to own their next location in order to control the flexibility, productivity and profitability of the organization.
This strategy needed to be executed in a confidential and effective manner while managing the motivations, planning, budget and time lines of three differing organizations.
A competitive environment was created by aggressively negotiating the opportunities to purchase achieving the most economic pricing possible. Northstar was successfully advised through an onerous institutional sales contract. The acquisition of the new facility was closed contemporaneously with the sublease of the existing facility. The financial result was a savings of $144,354.
