Corporations

Fenner Dunlop, a leading manufacturer of conveyor belts, was contemplating the possible relocation of one of its plants, which occupied 13.6 acres near downtown Avondale Estates, Georgia. Our role was to determine the property’s highest and best use in order to gauge its potential disposition value. The client then hired us to assist in the disposition of the property, which ultimately sold to a local multifamily developer.

The retirement trust fund of Tektronix, a Fortune 500 company, developed a 301-acre business park in Hillsboro, Oregon, geared toward high-technology companies. Despite a good location and superb infrastructure improvements, the park was not successful. We were retained to help formulate a new investment and marketing strategy.

AGL Resources owned 9.6 acres of surplus property in downtown Savannah. We were hired to analyze the property and the market in order to formulate the optimal disposition strategy.

SMC3, a company in Peachtree City, was considering the development of a second office building on an adjacent site that it owned. Competitive market conditions were assessed, as well as the salient features of the proposed office building. Land prices were also investigated because reselling the site was another option under consideration.

Progress Energy was proposing a mixed-use development on four blocks in downtown Raleigh, a portion of which would house its new headquarters. We were hired to provide a comprehensive assessment of the property and market in order to help formulate the optimal development plan.

General Shale wanted to know the highest and best use of a former brick plant that occupied 52.7 acres in northwest Atlanta. Our task was to thoroughly evaluate the property and market in order to help achieve the optimal value through disposition.

AT&T wanted help evaluating space utilization options for the ground floor of the 1200 Peachtree Building. Working in concert with an architect, we evaluated the market and economic feasibility of several scenarios, which envisioned renovating the space for retail and restaurant uses.

UPS retained our form to evaluate the highest and best use of three sites in Atlanta, Charlotte, and Washington, D.C. These properties were originally earmarked for UPS distribution centers. The purpose was to formulate the optimal investment strategy for these assets.

CORPORATIONS