ESCO, a leading distributor of laboratory and life sciences equipment engaged NRS to assist them in securing two new flex-industrial facilities for separate business lines they are currently operating in Pennsylvania.
To secure an approximate 12,000-15,000 square foot, flex industrial suite that provided a functional office setting, promoted collaboration between employees and delivered a first class equipment showroom to allow the company to promote its end product to clients and prospective customers. Additionally, ESCO had specific space requirements, including but not limited to loading, ceiling height, lighting and sprinkler.
NRS canvassed the market and supplied ESCO with a number of options. It was very important to stay within a certain budget and geographic area. NRS issued RFP’s to several landlords and ultimately consummated a lease for a 14,100 square foot, flex space that fulfilled all of the prerequisites ESCO set forth as part of the requirement. The space was delivered on time and within budget.
To secure an approximate 15,000-20,000 square foot, flex industrial space that allowed for R&D and assembly of laboratory equipment. Loading, clear height and electrical capacity were critical to the operation of this particular division of the company. The company wanted office space that was open and had clear line of sight from the bull pen into the executive office area. The company also wanted to lease a property within 5 miles of its current location.
Despite the tight geographical constraints, NRS submitted several sites, two which were actively being marketed and one that was not yet on the market but had a tenant vacating the space, which potentially opened the door for ESCO to strike a deal. ESCO was highly interested in the space that was “off market.” Through a long and difficult negotiation, NRS was able to consummate a lease for 18,000 square feet through terms that placed ESCO in a much better financial position then their previous facility. The new location is efficient and solves many of the facility and business issues the company had in their previous building that this particular operation was moving from.
Turn 14 engaged NRS to assist in relocating their headquarters and securing a site for a new state-of-the-art distribution facility.