PRoject
OAK
Maximizing Asset Value & Generating Demand
The Team
Road Map to Sale
Subject Property
Goals
Access Proposal Submitted 7.31.23
Introductions
Rick Kingery
Craig Youst
Connor Faught
Mike Kendall
Noah Balanoff
Nestlé USA Account Manager
Nestlé Global Account Oversight
Americas Corporate Capital Solutions Leader
U.S Industrial Capital Markets
New Jersey Industrial
Agenda
Goal Setting
Colliers is committed to leveraging all expertise and skillsets of our team to maximize results & minimize disruption.
Achieve Highest Net Proceeds
Have a Smooth, Non-disrupted Close
Level of Decommissioning
Goal Reaching
Environmental Considerations
Upfront due diligence efforts will be instrumental in reaching goals and uncovering creative opportunities.
Land Banks
Municipality Relationship Management
Interim Facility Management
Development Complexities
Site Plan Optimization
Tenant Demand / Market Fundamentals
Manufacturing Plant Site 61 Jerseyville Avenue | 37.9 acres
12.3 acres
3.3 acres
Site Plan
2nd Floor
3rd Floor
1st Floor
4th Floor
5th Floor
170 Center Street, Freehold Township, NJ Softball Site Abutter | 17,000+ SF on 5.87 acres
2.3 acres
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New Jersey Trucking Routes
1 and 2 building redevelopments at the 61 Jerseyville Avenue manufacturing plant
Redevelopment of the softball field at 160 Center Street
Plan of action respective to the residential parcels
Portfolio Single Building
Existing Site Plan
View
Portfolios
Single Building (Plant Site)
Single Building (Softball Field)
Two-Building (Plant Site)
Residential Parcels
Portfolio | Single Building
Portfolio | Two - Building
Portfolio Two-Building
Two Building (Plant Site)
Single Building Softball
Marketing Timeline (10 months)
Nestlé Led Workstream
Colliers Led Disposition
Environmental Remediation
Marketing Campaign / Active Marketing
Best & Final Negotiations
Buyer's Due Diligence
Closing
Prepare for Potential User Sale
Discovery & Pre-marketing
Procure documents necessary for launch that help prepare underwriting, OM creation, and virtual data room.
Compresses prospective Buyer’s due diligence timeline and lowers the possibility of a re-trade.
The Colliers team will preemptively search the user market concurrently with the pre-marketing and verify if there is a need or desire to service this region and occupy the site and/or take advantage of the existing infrastructure prior to a launch.
Officially launch our campaign with limited marketing materials (OM, underwriting DD) to our 10K+ database of prospective buyers. Respond to inquiries from prospective buyers and guide them to our targeting pricing Pursue qualified investors by allowing site tours and detailed follow-up Provide Nestle with weekly reports that document status updates regarding prospective Buyers Receive, document and present any offers received in an easy and digestible format
Provide insight to best and most qualified offers Pick 3 – 5 prospective Buyers and request best and final offers Hold Buyer interviews to ask additional questions and provide Nestle with real-time information regarding the sale Select Buyer and negotiate PSA
Execute PSA Open escrow and provide Buyer with appropriated due diligence
Buyer’s Due Diligence
Resolve any outstanding issues Remove/Waive any third-party contingencies Close of escrow
Discovery / Pre-marketing
Target Buyers
Developers
Users
Why Colliers?
Best-In-Class Land Advisory Practice
Sophisticated Environmental Acumen
Thorough Pre-Marketing & Due Diligence Process
Full-Service Solution Capability
Experience - Dreyer's / Nestlé Site
Completed on behalf of:
850 East 2100 South | Salt Lake City, UT
Site Size
2.99 acres
Sale Price
$14.35 million
Market Demand
Mixed-Use Development Opportunity
Buyer/Developer
Thackerary Company
Plans & Status
Redevelopment play, 316-unit multifamily complex Coming 2025!
Experience - U.S. Steel Plant
Keystone Industrial Port Complex | Fairless Hills, PA
1,700 acres
$167 million
Industrial Redevelopment
Northpoint Development
19-building, 15M SF master-planned logistics park. Phase 1 fully leased!
Experience - Farmer John Facility (Smithfield Foods)
3049, 3095 & 3163 East Vernon Avenue | Vernon, CA
29 acres
$206 million
Industrial Infill Site
Goodman North America
Greater Los Angeles generational industrial redevelopment
Recent Experience on Similar Transactions
NJ Environmental Complexities Experience
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Environment Experience
Site Closure Expertise
Tried & True Process
Team Composition
