Success in Brazil: Wastequip Expands with 5-Year Lease at Truck Repair Facility

CLIENT PROFILE:

Wastequip, established in 1989, is North America’s leading manufacturer of waste handling equipment. They specialize in designing, manufacturing, and distributing a variety of waste and recycling products, including dumpsters, compactors, and hoists. Wastequip is committed to sustainability and innovation, offering durable and reliable solutions that meet the industry’s evolving needs. Their extensive product range and dedication to customer service make them a trusted partner for waste management and recycling needs.

 

CHALLENGE:

JDM Partners faced the immediate challenge of orchestrating a lease transition that met the rapid expansion needs of Wastequip while ensuring KDR Brothers, the landlords, could swiftly repurpose their property. The requirement for the previous tenant to vacate by a firm deadline added complexity to the process.

ACTION:

JDM Partners adeptly handled the negotiations, employing a collaborative approach to swiftly secure a deal favorable to all parties involved. Key actions included highlighting the property’s strategic location and suitability for heavy vehicle repairs, which were crucial in attracting Wastequip. Furthermore, JDM Partners managed the logistical aspects of ensuring the property was vacated on time and facilitated agreements on property modifications to meet Wastequip’s operational requirements.

RESULTS:

  •  

    JDM Partners successfully negotiated a 5-year lease with two additional 5-year extensions for KDR Brothers with Wastequip.

  •  

    The lease agreement met Wastequip’s urgent expansion needs and supported KDR Brothers’ goal of maintaining a high-value, efficiently utilized property.

  • Included in the lease were agreed modifications, such as the demolition of an old barn to expand storage space.

  • The deal presented unique challenges, given its all-cash, quick-close nature, but effective negotiations ensured satisfaction for all parties involved.