FEDEX, Bergen & Mercer Counties, NJ

CHALLENGE- Identify a suitable location for a FedEx city station in Bergen and Mercer Counties • Negotiate a build to suit transaction with a developer in each locality

SERVICES - Defined requirements • Provided market survey • Determined project cost • Identified logical developers • Developed RFP for builders • Provided financial analysis and FASB 13 calculation • Will negotiate lease with developer • Will help manage development process

Based on a 10-year track record of successful real estate representation, Federal Express Corporation hired Colliers Houston & Co. to relocate two 100,000+ square foot distribution facilities in New Jersey.  Both projects could not be accommodated in an existing facility, so a build-to-suit approach was necessary.  The Mercer facility will be complete in July 2000.  The Bergen facility should be complete later in the year.

W.W. GRAINGER, Monroe, NJ

CHALLENGE - Build 250,000 sq. ft. East Coast Distribution Center

SERVICES -  Site selection • Negotiation services • Construction cost analysis

W.W. Granger needed to set up an East Coast Distribution Center as part of their North American Strategic Distribution Plan.  However, timing was critical.  After an exhaustive search for an existing facility which met their criteria, it was determined a “build to suit” would be the only alternative.  Due to the timing constraints Colliers Houston & Co. needed to identify a land site with “approvals in hand”.  The challenge was met and Grainger occupied their new facility inside of 11 months.