THE CHALLENGE:
Family Dollar, the fastest growing discount store chain in the United States, had previously executed a lease with another developer for a new 9,000 square foot store in Orlando, FL. The store was to be a design build based on the latest Family Dollar proto-type model. The previous developer ran into financing difficulties and was unable to start the project.
THE SOLUTION:
Tobin Development bought the site from the other developer, renegotiated the lease with Family Dollar and completed the store on time and on budget. Tobin Development then sold the store in the single tenant net lease market place. This entire transaction represents Tobin Development’s ability to enter into a difficult situation and find a solution that allows everyone, the previous developer, Family Dollar and the end investor to be winners.
“Good teamwork and Kevin’s leadership made this Family Dollar build-to-suit a very successful project.”
Mark L. Keschl, Commercial Real Estate Investor