Challenge
For decades, this NYSE listed manufacturer has served its customers from corporately owned distribution facilities located in sales districts throughout the United States. The Client was aiming to accomplish two primary objectives: 1) to extract capital from owned real estate assets to be redeployed into core business initiatives; and 2) to improve customer service and accessibility through better located leased facilities.
Solution
On a market by market basis, Allegro has been successfully selecting and managing listing agents and directing the disposition of the owned assets. Concurrently, we have been managing the tenant representation process to identify leased facilities reflective of customer locations and employee residences. Additionally, the new facilities are built out to meet the Client’s updated requirements. Allegro is assisting the Client in achieving its quarterly financial goals as well as repositioning its real estate portfolio for future business success.
