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Property: DRS Sensors and Targeting Systems, Inc. 100/150 North Babcock Street Melbourne, Florida Assignment: |
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Challenges:
– Multiple leased facilities with varying expirations
– Labor intensive operations
– Secure municipal and state tax incentives
– Limited available existing product to accommodate requirement
– Relocate operations temporarily during construction
Conclusion:
– Prepared detailed building specifications and conducted a competitive bid build-to-suit process
– Negotiated a 273,218 sq. ft. build-to-suit office, engineering lab and production facility
– Negotiated coterminous lease expirations to allow for relocation/consolidation