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P: 805-969-5115
F: 805-969-5119
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Federal
Express Build to Suit; Emeryville,
CA |
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The
Federal Express
Van Station project is a 31,000 square foot facility sitting
on two acres.
Working with his development
partner, Scher’s goal was to acquire the property and remediate
soils contamination in an infill location of an old tannery property,
to make way for a special-use van station for Federal Express.
The occupancy date was crucial, necessitating obtaining timely
governmental sign-off of hazardous materials remediation so that
construction could begin.
Scher and partners
worked through the remediation process by managing various consultants
and local government agencies on a daily basis. We then constructed
the van station on budget and on time to meet a specified return–on-cost
hurdle for Fed Ex and our investment.
Scher subsequently
sold his interest in the property after the lease had stabilized. |
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