If a commercial real estate broker, developer, or building owner has an interested company seeking to lease a vacant or underutilized building with the possibility of purchasing the facility within 5-7 years, Capital Regional Development Council will consider acquiring the facility for lease to the end user company.
If a commercial real estate broker or a public or private owner of an industrial park or other suitable lot (preferably served by municipal water and sewer) has a company interested in a build to suit facility, CRDC will consider constructing the building for lease to the end user company, with the goal of the tenant acquiring the facility within 5-7 years. CRDC will also consider the development of a multi-tenanted facility, if a substantial portion of the building can be pre-leased to end users.
CRDC will consider any of the above options in a shared partnership with a private developer or municipality, in whatever form is mutually beneficial and meets CRDC's job creation and tax base enhancement mission.
For additional information please contact: