This European client needed a long-term real estate strategy to consolidate multiple locations and improve operational efficiencies.
Plante Moran CRESA (PMC) assisted AVL to define their real estate needs and positioned the firm to maximize available municipal incentives and financing opportunities to minimize costs.  By consolidating operations in one location, AVL has improved operational efficiencies and accommodated their future growth plans.

Challenges
■ Comprehensive real estate strategy:  AVL had leased numerous locations with varying lease maturities
■ Manufacturing inefficiency:  Manufacturing was conducted in separate locations which needed to be consolidated (product was being transported between locations during the manufacturing process)
■ Growth:  AVL had exhausted its expansion capabilities at current facilities

Solutions
With assistance from Plante Moran CRESA, AVL developed a comprehensive real estate strategy to maximize operational efficiencies and minimize costs.  During negotiations, PMC created a competitive environment for municipal inducements, land acquisition, and procurement of architectural, engineering and construction services.  PMC provided project management services during the entire build-to-suit process for a 70,000 square foot building that brought AVL’s entire operations under one roof.  The entire project was financed through Industrial Revenue Bonds (tax free), thereby minimizing financing costs.