Fit Story
Powering A-Rent’s Expansion into a New Market (Greater Houston, TX)
CLIENT PROFILE
- Rapidly expanding, private equity-backed electrical test equipment rental services company
- Founded in 2019 by an entrepreneur with a demonstrated history of industry success
- One-of-a-kind, niche market leader experiencing significant growth
REAL ESTATE FIT GOALS
- Establish a new strategic facility in the Greater Houston, TX market.
- Find a location with proximity to George Bush Intercontinental Airport.
The Challenge
A-Rent faced the urgent need to expand their presence in the greater Houston, TX market due to the strong demand from their clients and partners in this area. Identifying a property with heavy power requirements, as well as a strong labor market were very important factors to be included in A-Rent’s new facility.
The Solution
Given the immediate need to expand into a new market, Bespoke wasted no time, and tapped their local partner to efficiently navigate the market and uncover the ideal space. By taking a proactive, collaborative approach to identify the perfect fit, this process progressed very effectively. They extensively reviewed 14 properties, toured shortly thereafter, and negotiated proposals for 2 spaces simultaneously, utilizing leverage to secure the most optimal terms for the best fit space.
The Outcome
A-Rent expanded into a 15,000 SF facility, over a 170% increase to their overall operating capacity, just 8 minutes from George Bush Intercontinental Airport. Within 2 months of learning about A-Rent’s need to expand into the Greater Houston, TX market, Bespoke had established trust with their strategic partner to help identify the ideal space and move quickly, so that A-Rent could take on additional space for their growing business.
“Rob and Bill worked with us for over a year to find the perfect larger facility in Burr Ridge, IL for our growing business. A great outcome from working with true professionals!”
– Paul Seppanen, CEO