Challenge

Gildan Yarns, a subsidiary of Gildan Activewear, developed a need to locate a yarn spinning operating within the southeastern United States. The requirement called for a facility measuring over 350,000 square feet in a rectangular shape in a location offering competitive utility rates, aggressive incentives, and a skilled and/or trainable workforce. Additionally, Gildan was seeking a site where employees had previous experience with textile skills.

Strategy

Gildan engaged the Colliers team to locate sites and buildings within North Carolina, South Carolina, Virginia and Georgia. Additionally, the team created a competitive environment for negotiating the most advantageous occupancy cost structure for the new facility. The project was very time sensitive as a decision on the location had to be made in a matter of a few months.

Services

Gildan engaged the Colliers team to locate sites and buildings within North Carolina, South Carolina, Virginia and Georgia. Additionally, the team created a competitive environment for negotiating the most advantageous occupancy cost structure for the new facility. The project was very time sensitive as a decision on the location had to be made in a matter of a few months.

Results

In 2012, Gildan chose a facility located in Salisbury, North Carolina based upon an aggressive incentive package, lower occupancy costs and completion of the project in a timely fashion.