Assignment
W.W. Grainger had a corporate initiative to gain a better presence across the country by adding stores. One of the first markets was the Puget Sound Area.
Objective
Add new stores in Bellingham, Bothell, Olympia and Bremerton, extended and expanded the lease in Everett, extend the term in South Seattle and expand their owned store in Fife.
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Challenges
The challenges were multiple, working with several different ownerships in several markets, creating competitive options for W.W. Grainger and satisfying their needs in all markets. All stores were to be operational in 12 months.
Results
New leases were done in Bellingham, Bothell and Olympia which was a build to suit. Expansion and extension was done in Everett, South Seattle was extended and the Fife building was expanded. We facilitated this over a 12-month period and upon opening, W.W. Grainger started generating record volumes from their sales.
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