Kings Mountain, NC | 956,064 sq. ft.
In 2013 Hanesbrands Intimate Apparel group added Maidenform to it's Intimate Apparel brands which include Bali and Playtex. Hanesbrands wanted to quickly integrate Maidenform distribution into its existing Intimate Apparel distribution platform in Kings Mountain, NC. The existing leased facilities were 856,064 sf, comprised of a 475,718 sf facility in Cleveland County and a 380,346 sf facility in Gaston County. The Cleveland County building had a 100,000 sf expansion pad.
Triad Commercial was engaged to represent Hanesbrands in either the leasing of a new 1.0 million square foot build-to-suit facility or a renegotiation of it's leases on the existing facilities which would include a 100,000 expansion of the Cleveland County facility. Triad Commercial compared build-to-suit options in North and South Carolina to proposals from the existing landlord.
Hanesbrands was able to achieve a below market rate at it's existing buildings including a 100,000 expansion, which was funded by the landlord but was controlled by Hanesbrands engineering and facilities groups. The transaction also provided for lighting upgrades in the existing facilities.
Of great importance to Hanesbrands, the process and chosen course of action was executed in a compressed time frame, facilitating the business goal of quickly integrating the new business into the overall distribution platform.