CASE STUDY

PrintEdd Products

2400 Forbes Drive
Austin, TX 78754

Assignment Size

51,200 SF

Occupier Services Provided

  • Land Assemblage
  • Architectural & Developer Interview & Selection Process
  • Municipal Negotiations & Incentives
  • Tenant Finish Contractor Interview & Selection Process
  • Financial Modeling & Securing Construction Loan
  • Leasing of Excess Space to Incubate Growth
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The Challenge

PrintEdd Products was interested in acquiring their own building for investment purposes, while incubating their future growth. The client wanted to stay in the same business park, with limited options, while maintaining a competitive cash-flow basis with their current lease obligation. The objective needed to be accomplished prior to the lease expiring and would have to endure the City of Austin’s lethargic approval processes.

Our Strategic Approach

  • Competitively bid “design-build” contractors along with “developers” to compare costs
  • Review lease and acquisition market opportunities to create leverage in the competitive marketplace
  • Competitively bid architects to determine who was best to navigate thru the City of Austin

The Outcome

PrintEdd Products purchased a high profile site in the same business park and constructed a high quality facility with an aggressive loan in place at a 53% discount from alternate lease sites. This facility is two and a half times larger than the existing site.

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