• I hired Ward Richmond because I needed a fast-paced individual who specializes in solutions for 3PLs and could deliver a comprehensive solution that maximized site value and enabled me to close the deal. His market intelligence and relentless effort on this project undoubtedly helped us secure the business with this new, Fortune 500 customer.

    BRETT M. MEARS President - Palmer Logistics
  • Ward Richmond understands the 3PL business. We rely on Ward to help solve our customers’ supply chain opportunities and provide them with logistics solutions that fit their needs.

    BRYAN KELLER Chief Executive Officer – Keller Logistics
  • Ward has consistently demonstrated a high level of customer service, a strong work ethic, and comprehensive understanding of transportation & logistics-related real estate.

    ED Brickley Fund Manager, Realterm Logistics
  • Ward and his team have consistently delivered a high level of customer service over the course of several years and hundreds of transactions by working closely with our team in an effort to assist us with developing and implementing creative real estate solutions.

    Frank Mazzone RM, Real Estate, TFI International
  • Positive attitude and customer-centered approach made for a great working relationship.

    Joe Fidalgo MD, N America, Marine Harvest
  • Ward and his team have consistently exceeded our expectations while working closely with our Properties Team to execute our real estate strategies and achieve our stated objectives.

    MAYNARD F. SKARKA COO, Yrc Freight
  • The Colliers team worked quickly and efficiently to leverage their local market relationships to find KW multiple short term, flexible space solutions in an expedient and professional manner.

    DEAN DOKGO Vice President, KW International
  • Ward has acted as our strategic real estate partner for several years having assisted our team during our rapid growth by utilizing strong relationships and unparalleled market knowledge to source off-market opportunities for property expansion needs.

    TAYLOR WHITE CEO, Performance POP

Ward Richmond

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Corporate real estate solutions

LOGISTICS stars TRANSPORTATION stars ECOMMERCE CONSULTANT stars SPEAKER stars THOUGHT LEADER
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Success Story: Selling The Beast – 472K SF Disposition

Success Story: Selling The Beast – 472K SF Disposition

March 16, 2018 Success Stories 0 Comments 2 views

Success Story: Selling The Beast - 472K SF Disposition

By Ward Richmond

Market Making sale of 472,234 SF Final Mile Logistics Center

CLIENT

Keller Logistics Group, Your True Blue Logistics Crew is an asset-based 3PL solutions provider headquartered in Defiance, OH with affiliate locations currently in six states. Their 3PL services are supported by the affiliates of Keller Freight Solutions, Keller Trucking, Keller Warehousing & Distribution, and Keller Packaging. http://www.kellerlogistics.com

DETAILS OF THE DEAL

    • Developed innovative marketing strategy by recognizing opportunity to transform an obsolete, oddly configured 1970’s distribution center into one of kind final mile distribution opportunity.
    • Rebranded property as “Final Mile Logistics Center” to change perspective of marketplace and take advantage of the “Amazon effect” related to ever increasing demand for customer delivery speed.
    • Created extremely competitive environment via targeted marketing to industrial users with final mile transportation needs (Amazon, WalMart, Geodis, XPO). Additionally, we targeted a wide range of investors including multi-family developers to leverage the rare 21.19 Acre urban location.
    • Provided our client flexibility to lease back on a temporary basis.
    • Identified 1031 Investor with close relationship to strong industrial user with a need for a large, rail served, final mile distribution center.
    • Market making sale price traded 162% higher than initial bank appraised value generating close to $10 million in value to our client.

Customer Experience

“Ward Richmond understands the 3PL business and has a network across the country. I believe that is the reason he is one of the top industrial real estate brokers in the country. We rely on Ward to  help solve our customers’ supply chain opportunities and provide them with logistics solutions that fit their needs.”

-Bryan Keller, CEO, Keller Logistics Group




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