After years of leasing space on an as needed basis, Cummins had the opportunity to consolidate 9 separate spaces into one larger warehouse.
Due to existing leases, employees and the location of the product’s originating locations and destinations, the project started with site selection guided by logistics. Once the key area was determined, the primary objective became site analysis and the creation of a competitive development environment.
RESOURCE Commercial Senior Vice President Dustin Looper first assisted Cummins in determining the economic scenarios which would make sense for the business to move forward with consolidation plans – taking all factors into consideration: logistics, timing, employee retention and future alternative re-uses for the facility. After screening many sites throughout the State of Indiana, RESOURCE solicited competitive bids from several trusted developers. After a rigorous comparison and negotiation process, the final site and development partner was selected. In addition to reduced facility and employment expenses, the new 428,000 SF operation will save Cummins more than $1,000,000 per year in transportation costs.
Note: We have several professionals with substantial client transactional experience prior to joining RESOURCE Commercial, which is included above.