Leavitt Capital’s development teams focus in Multifamily (Affordable Housing) and Industrial development. Leavitt Capital prides itself on its strong relationships with brokers and protecting all brokers who bring sites, tenants, and Build to Suit opportunities to us.
Industrial Development Overview
Leavitt Capital’s Industrial Development team has developed build to suit Industrial and speculative industrial in strategic markets across the US, where Class A industrial demand was greater than the existing supply of available Class A Industrial assets. Leavitt Capital’s Industrial Development team has developed for some of the most highly regarded and valued companies in the US. In nearly every project we developed we competed against large national developers (REITs) and won the projects for the following reasons.
Why Fortune 1,000 companies choose us for build to suits over the national development firms:
- We treat every deal like its our only deal, building to what the tenant needs, not what would produces the greatest profit.
- We develop in secondary and tertiary markets. With e-commerce determining the best location for strategic distribution centers for clients, often times the preferred locations are outside the top 30 markets. Most National developers focus primarily in the top 30 markets, where they have an existing presence.
- Our costs tend to be more favorable. We are a small team with less overhead producing a more cost effective build, which allows us to offer our tenants more favorable rents and or greater Tenant Improvement (TI) allowance.
- Our clients have direct access 24/7 to the top decision makers at Leavitt Capital on their project. They are not dealing with an assistant project manager who has to report to three bosses for every approval.
- We are developers, not general contractors, or venders. Most large development firms have their own in-house general contracting team, so they can earn more fee dollars on every project. They use their own in-house teams, which often times are not the most cost effective.
- We work with a number of general contractors throughout the US, we find the best general contractors for each project and bid each deal between a few general contractors to ensure the best value (quality + cost). Those savings are then passed on to the client/tenant.
- Interested in learning more about our process for a new Class A Industrial facility for your company, or for your clients (Tenant Rep Brokers are fully protected) please contact us.
This project was a total redevelopment, not a new build. Anixter requested a new Class A facility in the Southpointe submarket of Pittsburgh, due to the topography and soil challenges it was not economically feasible to develop a new facility. An old, neglected asset was brought back to life and Anixter moved into the facility upon completion.
Examples of our Industrial Developments
|Colgate Palmolive||Greenville, SC||540,000|
|Home Depot (Interline Brands)||Denver, CO||220,000||*NAIOP Development of the Year|
|Home Depot (Interline Brands)||Pittsburgh, PA||55,000|
|Stearns Equipment (Sold remaining land to REIT)||Milwaukee, WI||150,000|
|The Steel Network, Inc. (Sold 500,000 pads to FedEx)||Raleigh, NC||245,000|
|EA Sports, Jewish Hospital, EB Games||Louisville, KY||400,000|
|McKesson, Emery Worldwide, Emerson Electric||Pittsburgh, PA||430,000||*NAIOP Development of the Year
Affordable Housing Development Overview
Leavitt Capital’s Affordable Housing development team has developed/constructed 1,400± units of affordable housing in Arizona and New Mexico. They managed land acquisitions, debt facilitation, and equity placements (syndications) of 700± additional units of both single-family and multi-family housing in Ohio, Louisiana, North Carolina, and Virginia.
Leavitt Capital recently completed the above 54 unit Affordable Housing facility in Phoenix, AZ with UMOM New Day Centers.
Capital sources on past projects across multiple sectors: JP Morgan Chase, Northwestern Mutual, Private Funds, Family Offices, National Equity Fund (NEF), Enterprise Community Investment, Red Stone Equity, JP Morgan Chase, Bank of America, Bank of Oklahoma, Bank of Arizona, Rocky Mountain CRC, First Sterling, City of Phoenix, Compass Bank, & HUD.
Contact us to learn more