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Solera, Inc. Date: 7/30/2006 Square footage: 90,000 Announcement: Through ACRES advisement, Solera, Inc. recently completed its initial restructuring to complete its acquisition of the Claims Services Group of ADP. By enlisting the services of ACRES, Solera achieved greater than expected results to free up cashflow for its first year proforma. On-Ice, Inc. Date: 12/30/2005 Square footage: 51,000 Announcement: Through ACRES advisement, On-Ice, Inc. recently completed its investment in an industrial development netting the company a 300% return.. Postal Connections Date: 5/2/2005 Announcement: Postal Connections appoints ACRES, Inc. as its preferred provider for its nationwide expansion.
In this agreement, ACRES works with the local franchisee to search, review, select, and negotiate new leases.
ACRES was chosen for their nationwide expertise and process driven procedures. Initial states include California,
Arizona, Texas, Florida, and Tennessee. For more information, visit www.postalconnections.com Progressive
Insurance Date: 6/28/2004 Announcement: Progressive Insurance opens its third office for
the growing San Diego market. Dr. Wise led the team to plan, negotiate,
and secure the northeast San Diego county field office. Progressive
is currently the third largest insurance company in the U.S. For
more information, visit www.progressive.com Builds to
Suit Date: 5/1/2004 Square footage: 15,000 to 25,000 Square Feet Announcement: As part of a special solutions task, The A.C.R.E.S. Corporation has created several development solutions that work for all users of real estate. In this case, two specific audiences were targeted because of limited building availability. By providing a breadth of resources, including financing, the groups are realizing the benefits of owning real estate instead of leasing. "We were approached by several groups to find buildings for purchase. Unfortunately, the current inventory is limited and priced well over replacement costs. Given today's conditions, we provided solutions ranging from developer financing/construction to wholesale build to suit. Those that have executed are finding that not only is it less costly to build a building for themselves, but have also recognized significant gains in appreciation. Several projects are well underway, with many more to follow" (Dr. Wise, 2004). Oce Display Graphics Date: 12/11/2003 Square footage: 21,500 Announcement: Oce Display Graphics (formerly Raster Graphics) approached A.C.R.E.S. with a desire to quickly dispose of their facility in Carlsbad through a sublease transaction. Oce wanted to reduce their overhead by recovering the greatest amount of the lease expense through the sublease. We were able to quickly identify a company and close the transaction with four months of listing the property. The "as-is" transaction saved Oce from an extended vacancy and cost of improvements. Physical Therapy
& Hands Centers Date: 10/1/2003 Announcement: Physical Therapy and Hands Centers retained A.C.R.E.S. to review, analyze, and create a transaction management strategy that best fit not only the organization's needs, but satisfy merger and acquisition requirements. Larry Sukay led the team to successfully locate and integrate two distinct operations for a successful relocation and expansion of the central San Diego operations. |
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