<strong>Project: 220 Manville Ave., Compton, California</strong>

Client:

<img class="alignnone size-full wp-image-370" alt="Travelers" src="http://www.prgim.com/wp-content/uploads/2013/10/first_industrial_logo.jpg" /> (NYSE: FR)

In 2007, Shuford represented First Industrial Realty Trust (NYSE: FR) on a major<br /> redevelopment and repositioning of a 155,000 sq. ft. industrial building.  The value-add strategy involved strategic negotiation and lease renewal of  FedEx (NYSE: FDX) for a portion of the building, substantially repositioning the property to cure functional obsolescence and then re-introducing the property to market.  The result was the largest industrial transaction in the South Bay (Los Angeles) in 2007 for $22.6 million, which was a record high price per square foot.

Full Case Study coming soon.