Capital Commercial has had the privilege of working with many outstanding businesses and individuals. We’ve always believed that the true measure of our success, is the success of our clients. By focusing on our client's needs, we’ve established ourselves as a leading provider of commercial real estate services and have been honored by the confidence they’ve shown in us. This confidence is evident by the numerous referrals we've received from our repeatedly satisfied clients.
Don’t just take our word for it. Take a moment to review the following client case studies which provide insight into the depth of our real estate advisory services.
CASE STUDY - BUYER REPRESENTATION
WORLD CLASS WIRE & CABLE, PEWAUKEE WISCONSIN
105,000 SQUARE FOOT OFFICE/DISTRIBUTION ACQUISITION
ASSIGNMENT
World Class Wire & Cable (WCWC) was experiencing a great amount of success and growth. WCWC has been repeatedly recognized as one of the top manufacturing companies in Waukesha County. They were named Waukesha County Business of the Year in 2007, and one of the top 5,000 businesses in the United States by Inc. 500. With this success came a need for a new corporate headquarters. Capital Commercial was hired to assist WCWC with the market analysis and acquisition.
SUCCESS
Capital Commercial began the process by conducting a detailed analysis of WCWC’s current and future needs. Along with a market summary, an investment analysis was performed to illustrate the benefits of ownership versus leasing (the current strategy of WCWC).
Once again Capital Commercial’s vast market knowledge was a key factor in successfully identifying a property that fulfilled all of the requirements of WCWC. After failing to identify a viable option amongst the list of published properties, Capital Commercial identified a property that was being marketed for lease but not for sale. The facility satisfied the requirements for which WCWC had been searching. The 105,000 square foot property had a tenant in 25,000 square feet with the balance vacant. The vacant space was the correct square footage and also allowed WCWC to design their office exactly to their specifications. Along with fulfilling the current needs of WCWC for purchasing a property, the leased space provided additional income and an option for future expansion. Through a collaborative effort, Capital Commercial assisted WCWC with the investment analysis, negotiations, due diligence, design, and construction, ending with a successful closing.
CASE STUDY - BUYER REPRESENTATION
Spectrum Resources, Muskego, Wisconsin
60,000 SQUARE FOOT OFFICE/WAREHOUSE PURCHASE
ASSIGNMENT
Larry Surges, president of Spectrum Resources, needed to identify and secure a new facility for his rapidly growing firm. Capital Commercial was hired to assist in planning their upcoming relocation to a new, state-of-the-art facility in Muskego, Wisconsin.
SUCCESS
Capital Commercial began by addressing and outlining Spectrum Resource’s long-term real estate strategy and determined that the best move forward would be an owner-occupied investment real estate strategy. A new plan was then laid out, including the development of a new facility in the quickly developing Muskego area — specifically the Muskego Commerce Center.
Spectrum Resources engaged Briohn Construction and broke ground on a 60,000 square foot facility in November of 2014 with an expected move-in date of July 2015. Additionally, Capital Commercial was able to identify and secure funds from a local Tax Incremental Financing district which financially secured the deal.
For an effective owner-occupancy investment strategy to work, new tenants were needed. Capital Commercial quickly secured two new tenants for the facility, Global Fasteners and Elive, who both signed long-term leases. Capital Commercial’s extensive understanding of real-estate strategy was a key factor in successfully identifying a property that fit the needs of Spectrum Resources’ future growth plans.
CASE STUDY — BUYER REPRESENTATION
Midwest Engineered Systems, Pewaukee, WI
55,000 Square Foot Office/Manufacturing Acquisition
assignment
Midwest Engineered Systems (MWES) has been a long-time client of Capital Commercial. In the past, Capital Commercial had assisted MWES in an expansion. Due to significant growth and success, MWES was in need of additional assistance due to the logistical challenge the growth had presented. With over four years left on their lease, they retained Capital Commercial to assist in the disposition of their current facility, as well as locating and negotiating the purchase of a new facility.
Success
Capital Commercial’s first step was reviewing the current lease and putting together a strategic plan for MWES that provided a clear objective and timeline. A multi-pronged approach was put into action that involved marketing the current facility for sublease while also identifying short-and-long-term expansion solutions.
Capital Commercial was successful in identifying a facility that allowed for both. A short-term lease was executed well below market rates along with an option to purchase. This fulfilled MWES’s immediate need for additional space while also allowing Capital Commercial time to locate and negotiate a sublease of its existing space.
Within six months, a subtenant agreed to take the current space as-is at a rate that nearly covered all of the remaining exposure of MWES. In the current real estate market, this was seen as a true accomplishment. MWES executed its option to purchase which did present some challenges. Through the cooperation of MWES’s legal counsel and Capital Commercial, however, a creative solution was enacted and MWES successfully took title of the property.
CASE STUDY — TENANT REPRESENTATION
Stork Technimet (Element), New Berlin, WI
26,500 Square Foot Office/Lab Space
assignment
Stork Technimet, a global network of laboratories with experts specializing in materials testing, product qualification testing, and failure analysis, had outgrown their New Berlin facility. When Capital Commercial first sat down with Stork Technimet’s decision makers, it was evident that their needs would present many challenges. Stork Technimet required many features that few buildings in this marketplace could accommodate. Heavy office, fully air-conditioned, and expansion-ready — all within a small geographical area and on a very tight budget.
Success
Capital Commercial’s market knowledge was the key factor in locating a new facility for Stork Technimet. Prior to committing with Capital Commercial, Stork Technimet had explored build-to-suit options which proved to be well above their budget and not a viable option.
Knowing the difficulties this assignment presented, Capital Commercial conducted a thorough market search of properties that included listed, and more importantly, off-market opportunities. Capital Commercial was able to identify a property that appeared to be the perfect fit. The facility was owner-occupied and not actively on the market. During previous conversations between the owner and Capital Commercial, it was revealed that if the owner’s needs had changed and a long-term tenant was procured, they would relocate to a new facility. Stork Technimet was that tenant.
Capital Commercial negotiated a long-term lease between the owner and Stork Technimet that was ultimately beneficial to both parties. Stork Technimet relocated to a state-of-the-art facility within their budget while the existing occupant moved to a new facility better suited for their new needs.
CASE STUDY — TENANT REPRESENTATION
Edgenet/Bighammer, Waukesha, WI
23,500 Square Foot Office Lease
assignment
A merger between Edgenet of Atlanta and Bighammer in Milwaukee led to Capital Commercial being retained to assist in locating and negotiating a new office lease in Waukesha County. The merger required Edgenet/Bighammer to double its existing office space while also securing a modern facility that would assist in recruitment and retention of employees. The client laid out a very specific site requirement, time frame, and budget along with special connectivity needs.
Success
Capital Commercial commenced with a thorough market analysis which included contacting local developers and property owners. Simultaneously, time was spent with Edgenet/Bighammer’s upper management putting together a plan that would ensure an efficient space for both flow and cost.
Leveraging its market knowledge, Capital Commercial identified two properties that fit all the client’s requirements. Through an extensive negotiation process, Capital Commercial was able to negotiate a long-term lease that gave Edgenet/Bighammer the space they had desired while also creating flexibility for future growth (or for an early exit strategy). Most importantly, the client realized a savings of 28% per square foot which made the move that much more rewarding.
CASE STUDY — BUYER REPRESENTATION
Integrated Risk Solution/Wisconsin Hospitality Group (WHG), Waukesha, WI
40,000 Square Foot Office Acquisition
assignment
Capital Commercial was working with both Integrated Risk Solutions and Wisconsin Hospitality Group, on separate assignments, to identify and negotiate a purchase of an office building in Waukesha County. The challenge with both clients was that the square footage that each required was difficult to find and often overpriced due to economies of scale.
Success
Capital Commercial used its market knowledge and creativity to pair the two clients together in a unique partnership arrangement. Knowing that Wisconsin Hospitality Group (WHG) had identified a building that fit many of their needs, Capital Commercial delivered the last piece of the puzzle. The building was larger than what WHG required and had vacancy that made it difficult to make the project economically feasible. It was at that point that Capital Commercial introduced the partnership idea to both parties. The deal made perfect sense and the investment analysis confirmed it.
The new partnership was able to purchase the property well below the assessed and replacement value. By moving the two companies into the building, the asset went from 25% occupied to 95% occupied. This transaction is a great example of how Capital Commercial uses its market knowledge to deliver superior results to clients.
CASE STUDY - BUYER REPRESENTATION
ARCON Ring & Specialty Corp., Delafield, WI
45,000 Square Foot Industrial Build to Suit
ASSIGNMENT
ARCON Ring & Specialty Corp. (ARSC), with locations in Illinois and Wisconsin, has been seeking the perfect building to consolidate their operations. After unsuccessfully working with other brokerage firms, Capital Commercial was retained to assist ARSC.
SUCCESS
ARSC had very specific requirements when it came to their new facility. Their unique operation required high clear heights, clean rooms, and a food-grade rated area while also presenting a very high image. After hearing their needs and exploring the market for existing facilities, it became clear that the best option for ARSC would be build-to-suit.
Capital Commercial performed a thorough search of Waukesha County industrial land parcels. Knowing that Waukesha County had a shortage of Industrial land (with much of it being in ‘second tier’ locations), a more detailed search was necessary. Attorneys, Accountants, Community Development Authorities, and Bankers were all contacted. It was within Capital Commercial’s network that the opportunity was ultimately found.
A local bank was in the process of taking back a parcel that was the ideal opportunity for ARSC. It was well located and most importantly, priced below assessed value. Capital Commercial worked with ARSC and its general contractor to determine if any additional cost would be required to develop the property. After determining the cost, an offer was presented taking this into consideration. Upon acceptance of the offer, Capital Commercial assisted ARSC with its due diligence to ensure all the proper steps were taken. Through the teamwork of ARSC, Capital Commercial, and the general contractor, the building was fast-tracked and ARSC moved in, on time and on budget.
CASE STUDY - BUYER REPRESENTATION
WHR Group, Pewaukee, WI
17,500 Square Foot Office Purchase
ASSIGNMENT
WHR Group, a premier provider of customized relocation solutions, had long been in search for a new office building to accommodate its current growth as well as its future growth. WHR had contacted several other firms but did not get the results it desired until it hired Capital Commercial for assistance.
SUCCESS
WHR Group had been leasing its office space however they were looking to acquire a building so that they could realize the benefits of ownership. Capital Commercial provided WHR Group with a detailed, strategic analysis that included market comps, market availabilities and a lease vs. buy analysis that confirmed WHR’s strategy.
Through its market analysis, Capital presented WHR with a unique opportunity. WHR had been looking for office buildings in typical office settings. However, Capital had found an opportunity in a mainly industrial setting that offered WHR the space it required as well allowed for future growth. The building had previously been occupied by a printing operation so all the required HVAC was currently in place to easily convert the building over to the office use WHR had required.
Ultimately, WHR was able to relocate into a facility for far less than it had projected. Another example of how Capital Commercial used its market knowledge and creative thinking to serve its clients.