SITUATION
McCOR Management helped locate and broker this property which boasts the development of a state-of-the-art, 120,000 sq.-ft. warehouse. Currently, this property is 100 per cent fully Leased.
SOLUTION
Our approach to add value by meeting HOOPP’s specific requirements:
- While working with HOOPP, we located and brokered the purchase of the appropriate land site to develop a “state of the art” warehouse, approximately 120,000 sf.
- The first 28’ clear high-cube multi-tenant warehouse was constructed with ample parking and double the usual loading court area, for ease of maneuvering and fence compounding.
- Supervision of the building construction to bring the building on stream.
OUTCOME
The building was 100% leased at rates above expectations and continues to remain 100% leased. 130 Omands was subsequently sold to a local investor and to date still remains the “prize” in their portfolio; McCor continues to manage the property on behalf of the New Owners.
