Case Study: NAI Summit Tenant Rep for Industrial Manufacturer
A Swiss manufacturer of medical packaging needed to establish their first production facility in the United States.
Key Information
Client: Fruh Packaging, Inc.
Location: Exton, PA
Requirement
NAI Summit was engaged by the Swiss company, Früh Packaging, Inc, to locate a shell building for their first US-based production facility of medical packaging services. Their requirements included minimum of 60,000 SF; shell space or minimal refit; located in the US east coast market. The goal was to replicate their current production line and clean room environments in Switzerland.
Approach
Mike Adams, Senior VP, and Sarah Finney Miller, VP, along with their support team, researched and compiled availabilities in the Lehigh Valley, the Philadelphia region and its sub-markets that conformed to Früh’s site criteria. The brokerage team also collaborated with the PA Department of Community and Economic Development and the Swiss Consulate Trade Commissioner to navigate the complicated process of an international company setting up production in the United States. The stakeholders from Früh traveled to the US for a tour of potential sites across the Lehigh Valley and Philadelphia suburbs. Requirements were refined and a second property tour was scheduled for a few months out. In total, the team visited over 10 potential properties located across 75 miles in eastern Pennsylvania.
Results
Früh signed a long-term lease for a 63,480 SF cold shell industrial building in Exton, PA. Constructed and owned by The Hankin Group, the building is part of a community development that offers office/ flex facilities, housing, and retail amenities. The Philadelphia region is a major hub for life sciences. Früh will reap great benefits by establishing their facility in proximity to their clientele.