Client: NFL Films
Bishop’s Gate Corporate Center, Mt. Laurel, NJ
210,000 sq ft studio and office buildings on 26 acres
Challenges:
- Client wanted to expand on-site; however, the project team’s analysis showed that further expansion was not feasible.
- New location could not be far from the current facility to avoid losing highly specialized employees.
- Client’s identity needed to remain confidential to avoid price gouging and employee concerns.
- Tight labor market and PR considerations necessitated using union labor.
Results:
- Brad conducted a 3-county property search with detailed due diligence to determine true status of development approvals, existing infrastructure, and confidential payment obligations.
- Team created a detailed budget and construction schedule to monitor cost & time performance.
- Investigation at chosen site revealed an underground storage tank. Brad negotiated its removal by the seller.
- Brad negotiated an agreement with the park’s developer not to interfere with the process, and with the township to use escrowed funds to improve roads within the park.
- Saved one year in schedule and $900,000 (17.5%) on land purchase price.
- Project team completed facility on time and at budget.