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Magno International

 Relocation/Expansion

 

The Situation:

• Magno was in need of approximately 90,000 square feet within three
months to serve existing customers.
• Gannett Peak Partners (“GPP”) was referred to Magno by its minority
owner – Eagle Global Logistics who worked with GPP on a past
transaction.
• The space required needed to be close to Magno’s existing customers.

 

The Approach:

• GPP discussed in detail the needs and long-term desires of Magno.
• A comprehensive search of all lease options within the geographic
boundaries was completed.

 

The Solution:

• Magno received three lease proposals from the five lease alternatives
toured.
• GPP analyzed each rent structure of each proposal and compared the
subjective issues relate to each property to clearly see the differences.
• One of the facilities stood out among the others providing a very desirable
geographical location.

 

The Result:

• Magno moved into a facility within one mile of their two largest customers
with GPP acting as project manager in facilitating the lease signing,
construction documents and negotiations and move-in with substantial
savings in time, money and efficiencies.

 

 

Experience the power of Integrity

“Being based in Miami, Gannett Peak Partners acted as my eyes and ears in the Minneapolis market. Phil thoroughly prepared for my visits and went beyond his responsibilities by ensuring our account managers, our customers, the landlord and general contractor were all on the same page prior to lease signing. Phil saved us time, but more importantly leveraged his knowledge of the market which allowed for a very attractive
lease.”

Jesus Lovo
Executive Vice President
Magno International