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Invacare Corp., New Jersey

Lease Consolidation

Situation

Invacare had two leased facilities in New Jersey which housed two different divisions. Invacare determined that they could reduce operating and overhead costs by consolidating both locations in one facility.

 

 

Challenges

Find a building that was already configured to house both operations (different types of inventory) that could accommodate Invacare’s requirements.

 

 

Results

WWM, with the New Jersey CORFAC International affiliate, went to market and found a building that was two-thirds vacant (with a month-to-month tenant in the remaining one third of the building) that very closely matched Invacare’s needs. Invacare was able to move both operations into the facility (each had a different lease expiration) on a staggered basis. Invacare was able to save more than $480,000 in occupancy costs over five years as a result of the consolidation.