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Growth in NYC Industrial Sector, Despite Uncertain Economic Times
Wholesale Distributor, Expansion
Brooklyn
Growth in NYC Industrial Sector, Despite Uncertain Economic Times
Wholesale Distributor, Expansion
Brooklyn
The wholesale distributor significantly increased the size and reach of its customer base and, as a result, outgrew its current warehouse facilities, which necessitated renting additional space. Pandemic-related closures fed a tremendous amount of pent-up demand throughout the retail industry. Our client saw this as an opportunity and leveraged its longstanding reputation for quick order turnaround times. The company expanded its clientele to include top-tier national retailers.
Growth in NYC Industrial Sector, Despite Uncertain Economic Times
Wholesale Distributor, Expansion
Brooklyn
New industrywide trends in the distribution strategies of company suppliers have also contributed to our client’s growth. The company has benefited from large manufacturers shifting from direct sales to end users—to working directly with distributors. Only a new, much larger modern facility, with the latest processing and fulfillment technology, could fully adapt to the increased volume and emphasis on the retail experience.
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Growth in NYC Industrial Sector, Despite Uncertain Economic Times
Wholesale Distributor, Expansion
Brooklyn
1. ThinkForward strategically marketed the credit, emphasizing the market’s enthusiastic reception of an expanded product line and the resulting significant positive exposure for our client.
2. We leaned heavily on our network of banking relationships, financing sources, and financial allies to secure $25.3M in mortgage financing—that’s more than 90% of the financing!
· $20.3M permanent bank financing
· $5.0M SBA 504 Loan
· Equity10%
With recent successes came a renewed sense of urgency to rethink capital assets to meet the company’s fast-paced growth.
Growth in NYC Industrial Sector, Despite Uncertain Economic Times
Wholesale Distributor, Expansion
Brooklyn
Our client moved its operations into a much larger warehouse with 30’ ceilings to accommodate increasing sales and inventory levels, as well as customized facilities for staging rollout projects, a key strategy in the company’s growth plan. Class-A office space supports the acquisition of new customers nationwide. The newly renovated 90,000 SF facility, on a two-acre lot with parking, is in the up-and-coming Brooklyn neighborhood of Canarsie.
This relocation and expansion project is representative of how many NYC companies emerged from the Pandemic with a positive outlook on their future potential. Our client is harnessing the positive momentum by opening additional marketing avenues and vendor relationships for selling ancillary products to expand offerings for a steadily growing list of customers. We are thrilled to have been a part of this success story.
Our client manufactures and supplies shelving showcases for retailers. For more than two decades, the company has nurtured a culture of embracing new technologies, marketing avenues, and vendor relationships. A longstanding commitment to quality and affordability has won them prominent customers, including high-profile pharmacies, supermarkets, and convenience stores located nationwide.
Growth in NYC Industrial Sector, Despite Uncertain Economic Times
Wholesale Distributor, Expansion
Brooklyn
The wholesale distributor significantly increased the size and reach of its customer base and, as a result, outgrew its current warehouse facilities, which necessitated renting additional space. Pandemic-related closures fed a tremendous amount of pent-up demand throughout the retail industry. Our client saw this as an opportunity and leveraged its longstanding reputation for quick order turnaround times. The company expanded its clientele to include top-tier national retailers.
New industrywide trends in the distribution strategies of company suppliers have also contributed to our client’s growth. The company has benefited from large manufacturers shifting from direct sales to end users—to working directly with distributors. Only a new, much larger modern facility, with the latest processing and fulfillment technology, could fully adapt to the increased volume and emphasis on the retail experience.
· $20.3M permanent bank financing
· $5.0M SBA 504 Loan
· Equity10%
With recent successes came a renewed sense of urgency to rethink capital assets to meet the company’s fast-paced growth.
1. ThinkForward strategically marketed the credit, emphasizing the market’s enthusiastic reception of an expanded product line and the resulting significant positive exposure for our client.
2. We leaned heavily on our network of banking relationships, financing sources, and financial allies to secure $25.3M in mortgage financing—that’s more than 90% of the financing!
Our client moved its operations into a much larger warehouse with 30’ ceilings to accommodate increasing sales and inventory levels, as well as customized facilities for staging rollout projects, a key strategy in the company’s growth plan. Class-A office space supports the acquisition of new customers nationwide. The newly renovated 90,000 SF facility, on a two-acre lot with parking, is in the up-and-coming Brooklyn neighborhood of Canarsie.
This relocation and expansion project is representative of how many NYC companies emerged from the Pandemic with a positive outlook on their future potential. Our client is harnessing the positive momentum by opening additional marketing avenues and vendor relationships for selling ancillary products to expand offerings for a steadily growing list of customers. We are thrilled to have been a part of this success story.
Wholesale Distribution Facility
$28,000,000
“Sunil and his team were with us every step of the way for our large warehouse expansion project. They made a complicated project simple for us. Sunil was always available to discuss issues. We knew what to expect from the process—and when. ThinkForward always delivers what is promised.”
President
The wholesale distributor significantly increased the size and reach of its customer base and, as a result, outgrew its current warehouse facilities, which necessitated renting additional space. Pandemic-related closures fed a tremendous amount of pent-up demand throughout the retail industry. Our client saw this as an opportunity and leveraged its longstanding reputation for quick order turnaround times. The company expanded its clientele to include top-tier national retailers.
New industrywide trends in the distribution strategies of company suppliers have also contributed to our client’s growth. The company has benefited from large manufacturers shifting from direct sales to end users—to working directly with distributors. Only a new, much larger modern facility, with the latest processing and fulfillment technology, could fully adapt to the increased volume and emphasis on the retail experience.
1. ThinkForward strategically marketed the credit, emphasizing the market’s enthusiastic reception of an expanded product line and the resulting significant positive exposure for our client.
2. We leaned heavily on our network of banking relationships, financing sources, and financial allies to secure $25.3M in mortgage financing—that’s more than 90% of the financing!
1. ThinkForward strategically marketed the credit, emphasizing the market’s enthusiastic reception of an expanded product line and the resulting significant positive exposure for our client.
2. We leaned heavily on our network of banking relationships, financing sources, and financial allies to secure $25.3M in mortgage financing—that’s more than 90% of the financing!
Our client moved its operations into a much larger warehouse with 30’ ceilings to accommodate increasing sales and inventory levels, as well as customized facilities for staging rollout projects, a key strategy in the company’s growth plan. Class-A office space supports the acquisition of new customers nationwide. The newly renovated 90,000 SF facility, on a two-acre lot with parking, is in the up-and-coming Brooklyn neighborhood of Canarsie.
This relocation and expansion project is representative of how many NYC companies emerged from the Pandemic with a positive outlook on their future potential. Our client is harnessing the positive momentum by opening additional marketing avenues and vendor relationships for selling ancillary products to expand offerings for a steadily growing list of customers. We are thrilled to have been a part of this success story.
Our client manufactures and supplies shelving showcases for retailers. For more than two decades, the company has nurtured a culture of embracing new technologies, marketing avenues, and vendor relationships. A longstanding commitment to quality and affordability has won them prominent customers, including high-profile pharmacies, supermarkets, and convenience stores located nationwide.
