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AURORA PARTS
LEBANON, IN
TENANT REPRESENTATION
Aurora Parts & Accessories is a single source OES provider of trailer parts, consisting of over 250 independently owned dealerships in North America. Aurora was established through the purchase of a division of an existing semi trailer manufacturer, located in Lafayette, IN. It needed to move to a more modern facility as well as create a new identity for the company, while selecting a location which allowed them to retain as many existing employees as possible. A high level of confidentiality was expected among all involved parties in order to ensure employee retention and maintain positive public relations.
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A P P R O A C H
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Explore options to either lease, purchase, or build-to-suit in various locations that would be suitable for Aurora, within an established timeline provided by the client.
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Work with economic development agencies in Tippecanoe, Boone, and Hendricks counties to obtain more in-depth knowledge of competitive markets and establish a baseline of available economic incentives.
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Develop complete comparative and financial analysis of all available existing options as well as build-to-suit options.
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Develop and implement negotiating strategy based on prepared analysis and feedback from Aurora.
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Provide assistance in space design, with emphasis on distribution and office center work flow.
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R E S U L T S
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Summit negotiated a lease transaction of 306,000 SF located at 500 South Enterprise Boulevard in Lebanon, IN. The rental rate negotiated by Summit was very aggressive.
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Aurora was able to move to a new facility within reasonable proximity to its previous building and stayed within the target range for employee retention.
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Summit further assisted Aurora by introducing Morales Group, who specializes in providing a Hispanic temporary workforce. This improved employee performance in their warehouse operation.
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