Success Stories
You can trace CoreDispo's leadership success back to the 1980's, when Gerard Staudt was broker and the Director of Leasing for 2,000 leases covering 20 million square feet in Manhattan.
This site contains the achievements of CoreDispo employees prior to CoreDispo.
REPOSITIONING & SALE
Ontario, Canada – Industrial:
Johnson Controls Automotive Group
- 381,000 SF
- Sold in 6 months
- $18M – savings
REPOSITIONING & SALE
Ontario, Canada –
Warehouse/Distribution:
International Comfort Products
- 310,500 SF
- Obsolete buildings. Major practical use issues.
- Sold within 11 months
- $35M – savings
REPOSITIONING & SALE
Manufacturing, Office & Land:
Carrier Corporation
- 816,000 SF
- Small market – huge facility
- Closed in 9 months
- $40M – savings
REPOSITIONING, LEASE, BUYOUT/TERMINATION, SALE
Manufacturing & Office:
Ambac Industries and United Technologies
- 315,000 SF
- $36 M Lease Obligation
- Distressed market
- $10 M savings created
REPOSITIONING, SALE
Manufacturing – Land:
Johnson Controls Battery Group
- 180,000 SF
- Significant title and environmental issues
- Disposition team solved all issues solved and asset sold in 45 days
- Maximized pricing at $15M which was 15% above target price
REPOSITIONING, LEASE, BUYOUT/TERMINATION
Office:
IMS Healthcare
- In 6 months – leased 122,000 SF in a distressed market with 30% vacancy
- Property had been on the market 2 years before we were retained
- Achieved $5.5M in lease cost savings
- Largest transaction in that market
REPOSITIONING & SALE
Manufacturing:
Motorola
- 443,000 SF facility on 40 acres
- Nogales, Mexico
- 1 month sooner than target timing
- $400,000 above target price
- $11M sale
REPOSITIONING & SALE
Global Manufacturing and Office:
Johnson Controls
- A September to remember…
- 7 sales in 21 days completed
- 4 countries and 3 states in 3 different currencies and languages
- $26M in cash to our client
REPOSITIONING & SALE
Manufacturing & Office:
Agilent
- 800,000 SF; 4 buildings; 300 acres – vacant & outdated space
- Represented 10 years of total space absorption in market area
- Delivered Savings over $7M
REPOSITIONING & SALE
Land & Recreational Buildings:
Agilent Technologies
- 1400 acres – Rocky Mountains
- Conservation challenges to preserve native animals, flora and fauna, and environmentally sensitive wetlands
- Recorded a conservation easement to preserve recreational use in perpetuity
REPOSITIONING, LEASE
Manhattan Office and Retail:
Castro Convertible Corporation
- 43 West 23rd Street, N.Y., N.Y.
- CoreDispo founder’s first major repositioning and lease transaction
- 110,000 SF
- $16 M lease value
LEASE, REPOSITIONING, BUYOUT/TERMINATION
Retail, Office:
CitiFinancial
- 639 Transactions – 48 Months
- $12.8 Million Remaining Liability
- $8.6 Million Savings
REPOSITIONING, LEASE, SALE
Manhattan Office:
Citicorp
- 60 Hudson Street, N.Y., N.Y.
- Telecommunications, Data and
Office Building - Formerly known as the
Western Union Building - 800,000 SF
REPOSITIONING
Mixed Use:
Pratt & Whitney
- Corporate HQ
- 7200 Acres (1.7 Million SF) total
- Sold 150 Acres (540,000 SF)
- Re-Zoned, Subdivided, Sold
- $50 Million Savings
