COMMERCIAL REAL ESTATE
Headquarters Relocation
Services Provided
Buyer Representation
Statistics
± 19,740 SF on ± 1.01 AC
Client
GradeX
Client
Case Study
250 W. 103rd Street
Indianapolis, IN 46290
Background
Sam Smith and Mitch Doner at Bradley Company were engaged by Gradex to locate an alternative subject property for their office headquarters on the North side of the Indianapolis MSA. Gradex is growing at a rapid pace and wished to relocate to a larger facility that would best foster their growth and company culture so that they would remain an integral component of the construction community.
Strategy
Gradex employed Sam and Mitch in order to maintain their headquarter presence in Central Indiana while also developing a prominent presence to coincide with their growth trajectory. A family-owned company since 1973, Gradex desired to relocate to a larger building not only to aid the company’s growth, but also to foster and harness the growth and development of its employees and company culture. They were occupying first-floor space in a multi-tenant, multi- story office building in one of Carmel’s largest corporate parks and their lease of said space was expiring in less than a year.
Results
After Sam and Mitch presented many potential acquisition options that were available on the open market, they created an off -market option that fit Gradex’s needs very well and was in a location that fulfilled their needs. The office building presented to Gradex as an off-market option was owned by a group with a retiring member. The group was beginning to look for a more efficient building that better suited their needs. After the building was placed under contract, Sam and Mitch assisted Gradex with facilitating the closing of the transaction via a thorough and meticulous, yet efficient due diligence process in less than 2.5 months after execution of the purchase contract.
“Sam and Mitch were great to work with as we looked to purchase an office building to relocate our business. They were knowledgeable about the market around the City and provided numerous potential properties for us to review. After we made our final decision, the team was very helpful in getting the [acquisition] approved and closed. I would recommend [Bradley Company] if you are looking to relocate your business.” – Jason D., President, Gradex, Inc.
STRATEGY
RESULTS
After Sam and Mitch presented many potential acquisition options that were available on the open market, they created an off -market option that fit Gradex’s needs very well and was in a location that fulfilled their needs. The office building presented to Gradex as an off-market option was owned by a group with a retiring member. The group was beginning to look for a more efficient building that better suited their needs. After the building was placed under contract, Sam and Mitch assisted Gradex with facilitating the closing of the transaction via a thorough and meticulous, yet efficient due diligence process in less than 2.5 months after execution of the purchase contract.
“Sam and Mitch were great to work with as we looked to purchase an office building to relocate our business. They were knowledgeable about the market around the City and provided numerous potential properties for us to review. After we made our final decision, the team was very helpful in getting the [acquisition] approved and closed. I would recommend [Bradley Company] if you are looking to relocate your business.” - Jason D., President, Gradex, Inc.
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