Dopaco is a leading manufacturer of paper and plastic products for the quick-service restaurant and food distribution industries. It creates custom packaging for each of its clients.
During preparation for renewal negotiations, Dopaco was informed that new rent specifications would be implemented, which would exceed the market value.
Dopaco had invested millions of dollars in machinery and production equipment for their 400,000 square foot building. Relocation would cause a major financial loss and would put 275 people in rural Kinston, North Carolina out of work.
Our team provided Dopaco with several options for a practical, cost-effective relocation by
We presented this information to the landlord, providing a speedier negotiation and a significant rent reduction.
Additionally, our team secured substantial financial incentives from the local government.
This was the seventh deal in our long-standing relationship. In each instance, our team provided viable, cost-effective relocation options, but was able to secure an even better deal in their current location.