Case Study: Highway 80 Industrial Park
Success in Securing TenantsThe Client
The Client owns a 10+ building industrial park located off Hwy 80 near Loop 250 in Midland, TX. This is a well traveled area and great location for any industrial/commercial operations.
The Challenge
The Landlord’s previous broker was struggling to secure tenants for these buildings. This resulted in multiple vacancies throughout the park at any given time.
The Solution
The Client called NRG Realty Group and Layton Lowry extended NRG’s industry leading brokerage services to secure a listing agreement replacing the previous broker. Layton then managed the landlord representation on these listings by providing marketing materials, property valuations, handling all negotiations, and validating prospective tenants.
Transaction Details
After just 6 months of working with the Client, Layton worked multiple transactions securing 5 leases. All of the listings Layton represented averaged under 2 months from listing to signing the lease agreement. S
County Rd 1242 Industrial Park now only has one vacancy left, which is in the process of being leased!
