Thexton Manufacturing - 43% savings
The Situation
- Thexton Manufacturing specializes in automotive testing tools, diagnostic equipment and professional automotive specialty tools for auto mechanics. The company was looking to consolidate, and when a building purchase fell through they needed a quick—but appropriate and efficient—leasing option.
- Gannett Peak Partners (GPP) was hired to identify, negotiate and conclude a lease transaction within a three week period.
The Approach
- Moving rapidly, GPP reached out to known brokers within Thexton's desired geographic area and identified buildings for Thexton's consideration.
- An initial tour of spaces didn’t provide a solution for Thexton. Soon after, it was determined that a lower ceiling height would accommodate Thexton’s warehouse needs.
- GPP completed a second search with new clear-height information and identified other space alternatives.
The Solution
- GPP's knowledge of the brokerage community helped identify an “off market” sublease space.
- Direct negotiations with the lease holder’s representative began immediately after Thexton toured the space.
The Result
- Thexton relocated to clean, functional sublease space and started enjoying rent at below existing market conditions: all within one week of GPP identifying the opportunity.
- GPP's market intelligence was key to finding Thexton an appropriate space, at an extremely attractive rent, on a critical timetable.
Experience the power of Integrity
