Simmons Mattress required a new facility that would accommodate their needs for a state-of-the-art manufacturing and distribution system. The building was to be 150,000 sq ft with 10,000 sq ft of office. They needed a temperature controlled manufacturing area, upgraded lighting, complex electrical and air sources, and distribution capabilities. The Kidder Mathews team was selected by Simmons to assist in their relocation.
Prior to surveying the market, Kidder Mathews spent the first month meeting with engineers and with Simmons’ employees to develop a complete needs analysis. Every detail of their needs were known prior to searching the market. When this survey was completed, Simmons’ and the Kidder Mathews team were able to effectively analyze all potential existing building and vacant land sites that were available.
Four sites were selected and proposals were sent out. Each was analyzed using a spreadsheet that compared both the financial and non-financial features of each proposal. Interviews with each prospective developer were conducted and a new building from Panattoni Development was selected in Sumner. Terms were negotiated with an emphasis on heavy developer penalties for a late delivery. The project was completed on time and all of Simmons’ goals were met.
- Vacant land survey/site analysis
- Improved property site analysis
- Lease financial analysis
- Site plan consultation
- Financial negotiation
- Construction management
- Analysis of tenant’s needs