When a Houston-based industrial client, occupying an 80,000 square-foot distribution facility, needed more space for their Colorado operations, they knew the guidance of an experienced, local tenant representative would be important. Not only would they need to sell their current industrial property, but also simultaneously identify a new warehouse in a tight market, negotiate the terms of the lease, and relocate to a new, larger facility. They engaged CCIM-designated broker, Lowrey Burnett, to help them navigate the process.
Upon outgrowing their distribution facility, the client engaged Lowrey Burnett to act as their representative for both the disposition of their current facility and the procurement of a larger lease space. In order to prevent any disruption to critical logistical operations, they needed Burnett’s expertise to seamlessly execute both transactions. Despite the challenges he faced, Burnett was prepared to navigate a complex set of circumstances under a timeline that supported the end goals of the business.
A publicly-traded insurance company made a management change to foster a dynamic and energetic culture in their Denver office. After years of flat or declining revenue growth and unacceptable turnover due to low employee morale, the new leadership knew that a transformation of the culture would require a multi-faceted approach.
The client, an insurance company, enlisted the help of expert tenant representative, CCIM-designated broker, Lowrey Burnett, to help relocate the Denver operations to a new facility that featured great amenities and advanced technology. The leadership team believed this move would play a key role in facilitating a positive, cultural shift. The client was committed to effectively making a major shift which included very specific requirements for their new space.
A repeat client, who has spent several years in the commercial investment space, came to CCIM-designated buyer representative, Lowrey Burnett, when the investor was ready to expand his commercial real estate portfolio. He had specific investment return criteria and was prepared to scour the country for the right, positive cash flow commercial property.
This search for an investment property came with unique criteria to ensure the new asset would align with the investor’s overall investment strategy. The buyer wanted a well-located, fully-leased, single-tenant asset that would support definitive investment yield requirements. There were high expectations for this investment property and Burnett was up for the challenge.
He identified several best-in-class investment options in various states and the client selected an ideal property in Florida. Burnett tackled the due diligence, negotiation and closing process head on.
In some cases, clients call upon a seller representative because their business is booming and they need to expand operations. In other cases, clients find themselves in a bind due to the negative changes in the economy and require our expertise to mitigate the downside exposure and investment risk.
The latter was the case for the client, who owned and intended to occupy an office property. The downtown Denver, 8-story, multi-tenant office building was purchased with the intention of occupying 50 percent of the usable space, however as negative economic conditions persisted, this goal proved impossible. The impact on the client's portfolio necessitated the disposition of the 110,000 square-foot property. The client engaged Lowrey Burnett, a Certified Commercial Investment Member (CCIM), to quickly identify a buyer for the property at $4.8 million.
Lowrey Burnett, a CCIM-designated commercial real estate broker, has over 450 closed transactions under his belt. He is proud to represent local, regional, and national clients in a variety of commercial real estate deals and to share those successes with other clients facing similar circumstances.
When the client, a publicly-traded national logistics and packaging company, engaged Burnett, they had outgrown their 80,000 square-foot distribution facility. After reviewing market intelligence and 'most-likely case' projections provided by Burnett, the client carefully considered the most suitable next steps. Ultimately, the client decided to relocate all Colorado operations to a 200,000 square-foot lease space property, only upon disposition of the property they currently owned and occupied.
The Broker Opinion of Value (BOV) was prepared by our industrial property expert and the Aurora, Colorado distribution facility was marketed to potential buyers at $6.4 million.
A Texas-based real estate development company was considering other markets as they continued to grow their brand. In prior years, they had successfully penetrated Austin, San Antonio, Dallas, and, most recently, Seattle, by developing single-family and multi-family properties. They were now exploring Denver as their fifth market.
The client was seeking suitable land for the development of an urban, multi-family condo complex. Having explored a variety of markets, the client knew an experienced broker could be a strong asset to help them find the perfect development parcel late in the development cycle. The client engaged CCIM-designated broker, Lowrey Burnett, to identify sites available for purchase that aligned with the client's location and purchasing model.
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