The company has an extensive background in construction and development which adds to their ability to manage complex build-to-suits from initial planning to project execution.
In areas where inventory space is in short supply the build-to-suit, build-to-sell, and the complete remodel are going to be the main methods of developing facilities for expanding companies.
A build-to-suit is the terminology where a developer is undertaking the development process on behalf of the tenant or client. The ultimate turn-key facility will either be purchased or leased from the developer. There are many varieties of build-to-suits to meet the client’s needs.
One of the main advantages of a build-to-suit is tailoring a building to a tenants needs. A disadvantage however is that the inflexibility or the special purpose nature reduces the desirability to lenders and investors. On a long term basis the inflexibility in releasing of a building may reduce the market value.
The specialized nature of a building design should also be balanced with general purpose flexibility for releasing in the future.
The investor and lender look for that long-term flexibility. General purpose buildings are preferred and will be easier to finance, sell or sale-leaseback.