The challenge
Wade Trim, a Detroit-based environmental engineering firm with 17 offices across the United States, enlisted Plante Moran Realpoint (PMR), formerly Plante Moran Cresa, to assist in the sale and disposition of a 40,000-square-foot facility in southeast Michigan.
The solution
After determining a market-based lease for the facility, PMR marketed the facility as a 15-year net lease to unlock the asset’s value.
PMR provided Wade Trim with the resources and knowledge to implement a broad-based marketing program. Subsequently, the team identified, vetted, and ultimately selected a private capital buyer. After a successful due diligence period, the sale was closed.
The benefit
With the help of PMR's expertise, Wade Trim was able to effectively and efficiently carry out its real estate transaction through proper implementation of strategic planning, due diligence considerations, and sale-leaseback solutions.
