Nestle / Build to Suits

Nestle / Build to Suits

For Nestle, Champion developed a new, modern, national distribution network consisting of seven regional warehouses aggregating more than 5.5 million SF at a total cost of $243 million. These facilities were constructed in Dallas/Fort Worth, Atlanta, Chicago, Fort Wayne (IN), Northern California, Allentown (PA), and Southern California. These seven projects ranged in size from 524,000 SF to 1,045,000 SF of new, modern distribution space. Development of this new consolidated distribution network for Nestle was the first of its kind in the U.S. and encompassed a wide variety of services, including site acquisition, land use approvals, facility design, construction, financing, and occupancy/move-in coordination. Champion also provided Nestlé with various asset management and financial services, such as the disposition of its prior distribution facilities, which included more than 30 owned or leased properties. In addition, Champion handled the overall structuring, negotiation, and closing of three separate leveraged sale-leaseback transactions involving all of these new Nestle facilities at a total equity and debt financing consideration of $243 million. In addition to this significant fee-based work for Nestle, Champion has completed approximately $300 million of additional project development assignments for corporate clients such as Matsushita, Perrier, Hunt-Wesson, Mondavi, and Nissan. These corporate office and warehouse facilities have ranged in scope/size from $13 million to $80 million, with geographic locales spanning the coasts from New Jersey to California, and including Eastern Pennsylvania, Chicago, Atlanta and Dallas in between.