Kidder Mathews’ was hired by Titus to completely reevaluate their real estate needs and to negotiate for a new location or renew their lease if appropriate. Titus is a heavy manufacturer of small plastic and metal parts for the furniture industry. Their manufacturing space incorporates multiple plastic extrusion machines and metal forming equipment. Certain temperatures, lighting, and ventilation must be maintained and heavy electrical sources and distribution are required. 50,000 sq ft with 5,000 sq ft of office was needed.
The Kidder Mathews Team used the Tenant Services System to evaluate, process, and negotiate the new terms. Most time was spent on the first step of the system which is to interview managers, engineers, and to document present and future space requirements. This is done before touring to ensure we are visiting appropriate facility alternatives. It also ensures that we submit correct proposals and receive back results that we can compare on an apples to apples basis. After receiving proposals from five candidates, it was determined that the most cost-effective alternative was to renew at their current location.