Page 3 - UPG Industrial Piece
P. 3
Case studies
Overview of Assignment/Challenges
• United Plastics Group was located in a facility to be condemned
by the City of Houston.
• The facility requirements and size needs changed during the
course of market review.
• Location was a high priority.
Approach/Solution
• JLL provided various market alternatives for United Plastics
Group team review.
United Plastics Group, Inc. • JLL leveraged each option, developing competition among
three landlords.
+36,439 SF New lease
Result
7865 Northcourt Rd – Houston, Texas • United Plastics Group saved over 12% off quoted lease rates
over a 7-year lease term.
• A generous tenant improvement allowance was provided to
accommodate specific/unique needs for the changing business
(ie; HVAC, heavy power, office expansion, etc.).
• United Plastics Group exited its current location in a timely
manner before being forced out by the City.
Overview of Assignment/Challenges
• JLL was retained as Wayne’s long-term service provider to solve
its problems of inefficiency and overall lack of space due to
significant growth.
• Wayne occupied three separate spaces and desired a more
improved and efficient office and warehouse layout.
• Two years of lease term remained on each existing lease.
• Limited space availability in the market.
• Desired frontage for its new retail component of its business.
Wayne Enterprises Approach/Solution
• JLL located a very suitable facility, not yet constructed by
+121,533 SF New Lease Liberty Property (Landlord/Developer).
• Consolidation goal achieved, as well as retail frontage location.
14300 Hollister Rd & 5500 N Sam Houston Pkwy W • Significant improved efficiencies for office and warehouse
Houston, Texas layouts through comprehensive and design process.
Result
• Helped reduce leasing costs in year one by over 40%, inclusive
of abated rent.
• Quality timing: Building was delivered on-time and within
budget.
• Relocation timing was impeccable based on seasonality of
business.