Corporations
Real estate is typically one of the largest assets on a corporation’s balance sheet. Thus, decisions regarding real estate can have a significant impact on the bottom line. Our firm is often retained when a corporation has surplus real estate. A common question is what is the highest and best use of the surplus real estate and what is its disposition value?
Recent Examples of Our Work with Corporate Clients
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.
