Case Study: Industrial New Lease
Houston, Texas

The Client:

A publicly traded European-based biotech manufacturer and distributor of krill oil products with an existing presence in the Houston market.

The Challenge:

As production increased, storage capacity at the Client’s primary Houston facility was exceeded and additional warehouse space was required; however, several factors specific to the Client’s business made the space search more complex:

  • Proximity to the current facility was important to reduce trucking costs between locations;
  • The entire warehouse required climate control due to the Client’s product being stored in a low-humidity, room temperature setting; and
  • Occupancy timing was ASAP to eliminate the ongoing rent expense of an existing offsite 3PL.  

Services Provided:

• Team assembly including specialty vendors and legal counsel
• Site search and evaluation of all prospective locations
• Created competition among landlords
• Cost estimates for building improvements
• Business terms and lease document negotiations

The Result:

Shortly after engaging the Fritsche Anderson team, the Client signed a lease for a 67,485 SF climate-controlled warehouse space located within 15 minutes of their current facility. The rental rates achieved were 10% below market and the lease protects the Client from HVAC repair and replacement expenses.