Good News about the NYC Industrial and Manufacturing Sectors

4/23/2024
Case Study

Time for Growth and Opportunity in NYC

Pandemic-related closures fed a tremendous amount of pent-up demand throughout the retail industry. New York City industrial and light manufacturing companies continue to be on the frontlines of elevated economic uncertainty—playing out on both domestic and global stages.

 

However, it’s important to remember that some companies, including many of our city’s most innovative and resilient businesses, have viewed this historic period as a time of growth and new opportunity.

 

One Client’s Journey

Our client, a wholesale distributor with a solid growth strategy, recently expanded its operations in New York to reach a larger national clientele. The project is representative of how many NYC companies emerged from the Pandemic with a positive outlook on their future potential.

 

An established business saw new opportunities to expand its client base to include top-tier national retailers.

 

They experienced a renewed sense of urgency to rethink capital assets to leverage new industry wide trends in distribution strategies, advanced technologies, and ancillary product lines. This momentum to move forward, not stand still, was despite current high real estate costs and financing rates.

 

ThinkForward’s Role

We are thrilled to have been a part of this success story! ThinkForward secured $25M (90%) in financing to ensure the company could relocate to a newly renovated 90,000-SF facility.

 

As a result, the wholesale distributor servicing the retail industry 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 facility sits on a 2-acre lot with parking, in an up-and-coming Brooklyn neighborhood.

 

ThinkForward strategically marketed the credit to its network of lenders, emphasizing the retail market’s enthusiastic reception of an expanded product line and the resulting significant positive exposure for our client. We leveraged our long-term relationships with lenders, financing sources, and financial allies to secure the necessary financing.

 

What can we do for you?

You Have a Project.
You Have Questions.
You Have a Funding Need.
A 10-minute conversation can go a long way toward answering your questions. We may also be able to connect you to the right resources and people to help you.
Here’s how to connect…
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Thought Leadership

All
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Case Studies

Good News about the NYC Industrial and Manufacturing Sectors

Time for Growth and Opportunity in NYC

Pandemic-related closures fed a tremendous amount of pent-up demand throughout the retail industry. New York City industrial and light manufacturing companies continue to be on the frontlines of elevated economic uncertainty—playing out on both domestic and global stages.

 

However, it’s important to remember that some companies, including many of our city’s most innovative and resilient businesses, have viewed this historic period as a time of growth and new opportunity.

 

One Client’s Journey

Our client, a wholesale distributor with a solid growth strategy, recently expanded its operations in New York to reach a larger national clientele. The project is representative of how many NYC companies emerged from the Pandemic with a positive outlook on their future potential.

 

An established business saw new opportunities to expand its client base to include top-tier national retailers.

 

They experienced a renewed sense of urgency to rethink capital assets to leverage new industry wide trends in distribution strategies, advanced technologies, and ancillary product lines. This momentum to move forward, not stand still, was despite current high real estate costs and financing rates.

 

ThinkForward’s Role

We are thrilled to have been a part of this success story! ThinkForward secured $25M (90%) in financing to ensure the company could relocate to a newly renovated 90,000-SF facility.

 

As a result, the wholesale distributor servicing the retail industry 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 facility sits on a 2-acre lot with parking, in an up-and-coming Brooklyn neighborhood.

 

ThinkForward strategically marketed the credit to its network of lenders, emphasizing the retail market’s enthusiastic reception of an expanded product line and the resulting significant positive exposure for our client. We leveraged our long-term relationships with lenders, financing sources, and financial allies to secure the necessary financing.

 

What can we do for you?

Back to articles
Client News
How a Mixed-use, Vacant Building Renovation in LIC Secured $3M in Financial Assistance from NYIDA

NYC agencies are encouraging investments in IndustrialBusiness Zones (IBZ).This is good news for real estate developers and building owners hoping to attract manufacturing and light industrial tenants through redevelopment of their properties. Financial assistance through the NYCIndustrial Development Agency (NYCIDA) can make a sizeable contribution to most capital stacks.

Insights
Tax Credits and Economic Incentives Explained

For many organizations, delaying a project means delaying future success. Tax credits and economic incentives can help fund the next step forward in any mission-driven organization’s growth and evolution. Considering the life line that these programs can represent, let’s take a few moments to understand what incentives are and how to tap into the potential for your company.

Case Studies
Consortium for Worker Education: 100% Acquisition and Construction Financing

The private, nonprofit agency Consortium for Worker Education (CWE) provides a wide array of workforce preparation, industry-specific training, and employment services for 70,000+ NYC workers every year. Union members, new Americans, and dislocated workers number among the populations served by this essential service provider.

Projects

Heading

Project phase

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

financing

Quick Look

This is some text inside of a div block.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Challenge No. 1

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Challenge No. 2

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Solutions

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Game Plan

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Results

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Background

Heading 1

Heading 2

Heading 3

Heading 4

Heading 5
Heading 6

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur.

Block quote

Ordered list

  1. Item 1
  2. Item 2
  3. Item 3

Unordered list

  • Item A
  • Item B
  • Item C

Text link

Bold text

Emphasis

Superscript

Subscript

Back to projects