Make Build Ship
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Project Overview
Hocking County was out of space in their industrial park. Consequently, businesses looking to expand or locate there were forced to look elsewhere. Make Build Ship LLC (MBS), a local development firm, in partnership with the Hocking County Community Improvement Corporation, planned to build a speculative building in the Logan-Hocking Commerce Park to address this issue.
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CMaR
delivery
New Construction
project type
48,000 SF
Square feet
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Project Challenges
The deal did not initially make fiscal sense. The cost of new construction was not supported by the market rents. Lehman Daman worked with MBS to ensure the design of the building would be as cost-effective as possible. Lehman Daman helped to bring this project within budget by relocating the retention pond, adjusting the dimensions of the building, and investigating several interior buildout options. Lehman Daman provided many conceptual budgets through this exercise until finally MBS had a plan that could be financed.
As construction costs continued to rise, Lehman Daman helped MBS develop a procurement strategy to offset the risk of these rising costs. Between Feb and Apr of 2021, the cost for the steel rose >30%. Lehman Daman helped MBS lock in steel pricing by negotiation with the pre-engineered metal building supplier to take a smaller than normal deposit to secure the pricing and delivery date prior to MBS closing on financing for the deal.
Lehman Daman delivered the project ~$450,000 under budget and one month ahead of schedule.
Project Highlights
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days ahead of schedule
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under budget
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