The challenge
Mairec, a German precious-metals recycler, engaged Plante Moran Realpoint (PMR), formerly Plante Moran Cresa, to aid in the site selection for its first U.S. location, a strategic move spurred by increased business with the company’s international clients. Mairec recognized the need for an experienced real estate partner to be the “boots on the ground” help to support its expansion into the southern United States.
The solution
PMR located promising properties in several states and worked with the client to balance a high volume of scheduled tours on a tight time table during multiple international trips. After an extensive search for the perfect property to fit Mairec’s needs, a promising deal arose on a 50,800-square-foot vacant, underutilized industrial property in Spartanburg, South Carolina.
A developer offered to retrofit the building to fit Mairec’s program for a long-term lease with excellent rates, and the 12 acres it resides on provides the future opportunity to expand.
The benefit
PMR advocated on the client’s behalf during the lease negotiations to further improve the deal terms to include several months of free rent. The lease was signed shortly thereafter, and the build-out was completed in the fall of 2015. The new facility enables the company to serve its North America and global clients better and faster than ever before.
