• 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

stars

Corporate real estate solutions

LOGISTICS stars TRANSPORTATION stars ECOMMERCE CONSULTANT stars SPEAKER stars THOUGHT LEADER
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Success Story: Peak Season Fire Drill

September 25, 2018 Success Stories 0 Comments

KW International, Inc. is a total logistic company with unique business mind and brilliant people ...

Success Story: Peak Season Fire Drill

By Ward Richmond

CLIENT

KW International, Inc. is a total logistic company with unique business mind and brilliant people who strive to design and offer only the best logistic solution to its customers. We take pride in being a rapidly growing community of talented and special individuals, orchestrating every aspect of logistics to ensure we can be one-stop logistic solutions provider.

DETAILS OF THE DEAL

Challenge:
KW faced a mission critical challenge when one of their largest customers was forced to recall a massive amount of product.

Of course, this recall occurred in early December. If you are in tune to the logistics business, then you know that December is in the heat of “Peak Season” and most flexible space solutions are already in use do to increased consumer demand during the holiday season!

Nevertheless, KW required extremely flexible overflow space solutions as fast as humanly possible.

Strategy

The Richmond Team got to work. Cole Hooper, my right hand man, is known throughout America as having the ability to perform world class market studies, for extremely difficult requirements in record timeframe. That’s how we roll! Cole and I worked together to put together a killer market study of flexible space solutions while utilizing our relationships with landlords to dig up these tough to find options for KW.

Results

    • Our team provided a comprehensive market study of all available short term leases and sublet options that would allow KW the flexibility they required within 48 hours of receiving the initial request.
    • We worked with client to secure 50K SF within 8 business days of initial request.
    • Due to increasing capacity demands, we secured and relocated to another 80K SF facility about 30 days later.
    • Due to another unexpected surge in recall inventory, we worked together to secure and relocate into 205K SF facility while negotiating a 50% reduction in the first month’s rental rate to meet cost goals during this hectic overflow procedure.
    • We wound up working with one key institutional Landlord (can you guess which one???) to accommodate these flexible space solutions while negotiating a 4 month term. This term aligned with the end of Q1 and Q2 which provided an abnormally short term for our client while allowing the Landlord to attain stronger occupancy numbers for two consecutive quarters making this transaction a “Win-Win” for all parties involved.

CUSTOMER EXPERIENCE

“he 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

Please contact The Wolf directly to discuss further details related to this exciting project.

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Texas Warehouse Association

September 25, 2018 0 Comments Read More

CLIENT PORTAL

September 19, 2018 0 Comments Read More


DFW Market Update – Q2 2018

August 16, 2018 Market Reports 0 Comments

August is here and the grass in my front yard is brown from the scorcher that swung through Texas this past July.

It’s a Scorcher Out There

By Ward Richmond

August is here and the grass in my front yard is brown from the scorcher that swung through Texas this past July. In case you did not know, a scorcher is several consecutive days of walking through warehouses when it’s 107° outside.

You know what else is scorching? The DFW industrial real estate market once again, is certifiably, on fire! We dipped down to sub 6 vacancy at an aggressive 5.9%. I will continue to say this every quarter so you don’t forget – 10% used to be the norm! According to our expert research team at Colliers International, the DFW industrial market experienced 5 Mil SF of Net Absorption this summer totaling up to almost 8 Mil SF YTD. I like to see it hit the 20 Mil SF mark every year so we need to pick up the pace but nobody can really complain. Seriously. This is semi-ridiculous, y’all! According to my leasing broker friends, they have never had so many leases out for signature in DFW in their careers. The time is now. Developers are doing their best to keep up delivering 7.6 Mil SF YTD falling just short of the 8 Mil in Net Absorption. Furthermore, these industrial real estate wildcats have another 25 Mil SF +/- under construction.

As previously mentioned, the beauty of this DFW industrial landscape is that construction and absorption are extremely well aligned during the longest and strongest bull market in commercial real estate history. This occurrence allows landlords to keep cashin’ checks and snappin’ necks but also provides tenants with some pretty decent options and competitive economics. I’ve found that comparatively working deals in markets like Miami, Seattle, San Francisco, Toronto, New Jersey, and LA (I can keep going, but I’ll stop) prove to be an absolute nightmare due to lack of new supply and extremely low vacancy.

Why is this happening? In my opinion, it is fairly simple: The rise of e-commerce and the Amazon effect. Today, I get my Casper mattress delivered – and installed – and then I get my old mattress removed and disposed of – by XPO logistics (I am a shareholder). My IKEA furniture is delivered by TForce Final Mile (I am a shareholder). My groceries are delivered using my SHIPT app. I do my shopping on Instagram and get my coffee (and coffee maker) and Halloween costume and pretty much everything else I can ever think of via Amazon (I am a shareholder).

When do I want it? Basically, I want it as fast as my customers want their market surveys. Yesterday! The only way to make that happen is to build some serious distribution infrastructure and that’s what we are doing! There is no doubt in my mind that 2018 will go down in the history books as one of the most fruitful years in the history of the logistics and industrial real estate business – in DFW and across the globe.

To get further inside my supply chain brain,
please check out my website and blog:
www.SupplyChainRealEstate.com

Q2 2018 TOP DFW DEALS

    • Mars Petco leased 1.5 Mil SF from Bandera Ventures landing just South of DFW Airport.
    • Black & Deckerleased 1.2 Mil SF at Alliance Airport from the mighty, helicopter ying, Hillwood. Once you step foot in their helicopter, it’s hard to say No!
    • Living Spaces subleased 858,000 SF in Grand Prairie from Restoration Hardware.
    • VM Innovations My buddy Matt Elliott slammed down a 416K SF repping Core 5 with VM Innovations adjacent to the UP Intermodal in Hutchins, TX.
    • Amazon keeps crushing DFW by allegedly renewing 920K SF with GLP (in the old Van Trust building) in South Dallas while simultaneously securing 395K SF with Port Logistics Realty just across I-45 in Wilmer, TX. Rumor has it, they have another 1 Mil SF working in South Dallas and another 1 Mil SF working on the tarmac at DFW Airport. Jeff Bezos, this is ridiculous. Please hire me.

Q2 2018 TOP RICHMOND TEAM PROJECTS

    • USA Shade – DFW Airport, TX – 173,110 SF – New Lease
    • Palmer Logistics – Dallas, TX – 157,467 SF – New Lease
    • TForce Final Mile – Irving, TX – 101,900 SF – New Lease
    • TForce Final Mile – Fullerton, CA – 100,000 SF – Renewal and Expansion
    • Indel Food – 601 National Drive – Ennis TX – 315,000 SF – FOR LEASE

Key Takeaways

Big-Box deliveries picked up in Q2, after an unusually slow Q1. Seven properties totaling 3.5 million square feet were delivered, almost double last quarter’s total. Deliveries YTD are 5 million square feet behind the half-year mark in 2017. Pre-leasing activity is still healthy; delivered properties were 60% leased as of quarter end.

Vacancy declined 0.6% from the previous quarter and is down 1%from the prior year. Sublet space on the market continues to be high at 1.5 million square feet. Expect vacancy to continue its downward trend for the rest of the year, as e-commerce demand is strong and deliveries this year are expected to total 15 million square feet, almost 6 million square feet less than 2017.

After a very slow Q1, net absorption returned to levels normal for this real estate cycle in Q2. Absorption totaled 4.5 million square feet, bringing the YTD total to 6.3 million square feet, just 8% slower than half-year 2017. Expect Big-Box absorption to hover around the 3-5 million mark for the next few quarters.

Average asking rates for Big-Box product were flat quarter-to-quarter and year-over-year at $3.83.

MEET THE TEAM MEMBERS

Ward Richmond has over eleven years of experience specializing in industrial real estate, and has negotiated over 500 transactions while working in over 100 cities across the USA, Canada, and Mexico. Several publications have featured Ward for his expertise in this field including the Wall Street Journal, Dallas Morning News, and Dallas Business Journal. He also serves on Colliers International Industrial Advisory Board, and is a member of the Logistics & Transportation Solutions Group.

The Richmond team also includes Liam Logan, Cole Hooper, Brad Balke, Zack Rutland, Renèe Castillo and Rachel Hendrix. They assist with market analysis, financial analysis, strategic real estate and facilities planning, site selection, and acquisition and disposition services.

WARD RICHMOND, SIOR
Executive Vice President

LIAM LOGAN
Senior Associate

COLE HOOPER
Associate

ON THE ROAD AGAIN

August 20-22, 2018: 3PL Value Creation North America Summit, Chicago, IL
October 4-5, 2018: Colliers National Industrial Conference, Chicago, IL

BRAD BALKE
Associate

ZACK RUTLAND
Associate

RENÈE CASTILLO
Associate

RACHEL HENDRIX
Client Services Coordinator

MIKE OTILLIO
Research Director

KARI BEETS
Business Development & Content Strategist

The Richmond team is supported by Colliers International Research Team

SUBMARKET MAP

This is a new map that we created with our superb Colliers DFW marketing team in an effort to show DFW’s 8 key industrial submarkets. This map gives you a snapshot of the DFW metro highlighting landmarks, airports, intermodals, distribution hubs and manufacturing facilities for notable tenants and of course the Best BBQ joint each submarket has to offer. We will keep evolving this map and if you would like to discuss the DFW marketplace, please contact our team to dig in further.

CONTACT WARD RICHMOND AT:

Office 214.217.1201
Mobile 214.336.5757
Email ward.richmond@colliers.com


corpress-child

July 25, 2018 0 Comments

/* You can add your own CSS here. Click the help icon above to learn more. */ div#wpcf7-f3105-p3104-o1 .custom-radio-buttons input[type=”radio”]

/* You can add your own CSS here. Click the help icon above to learn more. */ div#wpcf7-f3105-p3104-o1 .custom-radio-buttons input[type=”radio”] { height: 14px !important; } div#wpcf7-f3105-p3104-o1 .custom-radio-buttons span.wpcf7-list-item { width: 20px !important; } .row.define-others .wpcf7-form-control-wrap { margin: 9px 0px; } nav.navigation.pagination .page-numbers { padding: 8px 14px; font-size: 15px; } nav.navigation.pagination span.page-numbers.current{ padding: 10px 14px; } .category h2.screen-reader-text { display: block !important; padding:0; } Read More

Client Login Access

July 20, 2018 0 Comments

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CLIENT PORTAL

July 19, 2018 0 Comments


Gregory Healy

July 17, 2018 0 Comments

Team Member pic

Gregory Healy

  • Area of Specialization: Supply Chain, Network Optimization and Logistics Consulting
  • Hometown: Camarillo, CA
  • College: UCLA, University of Michigan, ICU Japan
  • Favorite Lunch Spot: Jersey Mikes
  • Drink of choice: Sake
  • Favorite Way To Work Out: Crossfit
  • Favorite Sports Team: Ontario Reign
  • Words To Live By (Favorite quote): “I took the road less traveled, and that has made all the difference” Robert Frost

Recogonition


Questionnaire Form

July 16, 2018 0 Comments

Completed By Company Name: [text* text-408] Name: [text* text-15] Title: [text* text-44] Phone: [tel tel-508] Email: [email* email-239] Date: [date*

Completed By
[text* text-408]
[text* text-15]
[text* text-44]
[tel tel-508]
[email* email-239]
[date* date-112]
1. Project Overview:
[text* text-409]
[radio radio-689 default:1 “Build a facility” “Buy and retrofit an existing facility” “Lease and retrofit an existing facility”]
[checkbox checkbox-474 label_first use_label_element exclusive “Expansion” “Relocation of an existing operation” “Consolidation of 2 or more existing operations”]
2. Project Timeline:
[date date-target]
[text text-816 placeholder “Min”]
[text text-829 placeholder “Maximum”]

Is Lease Term tied to specific customer contract?

[radio radio-885 default:1 “Yes” “No”]

If Yes, Is customer contract executed?

[radio radio-8851 default:1 “Yes” “No”]
[text text-866 placeholder “Days”]
3.Facility Specifications:
  Square Footage
  Minimum Optimal
Office [text text-991 placeholder “Minimum (sf)”] [text text-510 placeholder “Optimal (sf)”]
Production [text text-100 placeholder “Minimum (sf)”] [text text-40999 placeholder “Optimal (sf)”]
Warehouse [text text-797 placeholder “Minimum (sf)”] [text text-702 placeholder “Optimal (sf)”]
Other [text text-471 placeholder “Minimum (sf)”] [text text-122 placeholder “Optimal (sf)”]
  Minimum Optimal Dimensions
Ceiling clear height (in feet) [text text-800 placeholder “Minimum (ft)”] [text text-529 placeholder “Optimal (ft)”] [text text-270 placeholder “Dimensions (ft. X ft)”]
Floor thickness (in inches) [text text-583 placeholder “Minimum (in)”] [text text-448 placeholder “Optimal(in)”] [text text-293 placeholder “Dimensions (ft. X ft)”]
Doors:
-Dock height (# required) [text* text-197 placeholder “Minimum”] [text* text-548 placeholder “Optimal”] [text* text-597 placeholder “Dimensions (ft. X ft)”]
Drive-in (# required) [text* text-488 placeholder “Minimum”] [text* text-556 placeholder “Optimal”] [text* text-627 placeholder “Dimensions (ft. X ft)”]
Rail (# required) [text* text-104 placeholder “Minimum”] [text* text-137 placeholder “Optimal”] [text* text-353 placeholder “Dimensions (ft. X ft)”]
Column Spacing [text text-591 placeholder “Minimum (ft. X ft)”] [text text-893 placeholder “Optimal (ft. X ft)”] [text text-285 placeholder “Dimensions (ft. X ft)”]
Building Depth [text text-236 placeholder “Minimum (N/A)”] [text text-812 placeholder “Optimal (N/A)”] [text text-804 placeholder “Dimensions (N/A)”]
Truck Court Depth [text text-567 placeholder “Minimum”] [text text-813 placeholder “Optimal”] [text text-105 placeholder “Dimension (N/A)s”]
Trailer Parking Spaces (# required) [text* text-760 placeholder “Minimum”] [text* text-7888 placeholder “Optimal”] [text* text-732 placeholder “Dimensions (N/A)”]
Car Parking Spaces (# required) [text* text-435 placeholder “Minimum”] [text* text-299 placeholder “Optimal”] [text* text-784 placeholder “Dimensions (N/A)”]
Outside Storage [text text-401 placeholder “Acres”] [text text-766 placeholder “Acres”] [text text-976 placeholder “Dimensions (N/A)”]
Type Yes/No
Cross-Dock [radio crossdock default:1 “Yes” “No”]
Rear Load [radio rearload default:1 “Yes” “No”]
Front Load [radio frontload default:1 “Yes” “No”]
YES/N0 FACILITY REQUIREMENT COMMENTS
[radio airconditioned default:1 “Yes” “No”] Air conditioned/spot cooled production area [text text-airconditioned]
[radio airwarehouse default:1 “Yes” “No”] Air-conditioned warehouse or DC [text text-airwarehouse]
[radio railserved default:1 “Yes” “No”] Rail Served [text text-railserved]
[radio crane default:1 “Yes” “No”] Crane(s) [text text-crane]
[radio foodgrade default:1 “Yes” “No”] Food Grade [text text-foodgrade]
[radio refrigeratedspace default:1 “Yes” “No”] Refrigerated Space [text text-refrigeratedspace]
[radio freezerspace default:1 “Yes” “No”] Freezer Space [text text-freezerspace]
[radio wastewater default:1 “Yes” “No”] Waste water pre-treatment [text text-wastewater]
[radio pitsortrenches default:1 “Yes” “No”] Pits or trenches [text text-pitsortrenches]
[radio machinefoundations default:1 “Yes” “No”] Machine foundations [text text-machinefoundations]
[radio leedcertification default:1 “Yes” “No”] LEED Certification [text text-leedcertification]
[radio airother default:1 “Yes” “No”] Other: [text text-airother]
[number number-921 min:5]
[number number-922 min:5]
[number number-923 min:5]
[number number-924 min:5]
[number number-925 min:5]
[number number-926 min:5]
[number number-927 min:5]
[number number-928 min:5]
[number number-929 min:5]
[number number-930 min:5]
4.Supply Chain Specifications:
[radio radio-763 default:1 “Yes” “No”]
[text text-394]
[text text-503]
[text text-602]
[radio radio-926 default:1 “Yes” “No”]
[text text-6022]
[radio radio-717 default:1 “Yes” “No”]
[text text-384]
[text text-694]
[text text-240]
[text text-788]
[text text-777]
[text text-764]
[text text-722]
[text text-233]
[text text-269]
[text text-36]
[text text-891]
[text text-308]
[text text-50]
[text text-913]
5. Labor Specifications:
[text text-895]
[radio radio-23 default:1 “Yes” “No”]
Job Classification Brief Description of Duties Is Position Considered: Number of Workers
    Unskilled Moderately Skilled Highly Skilled Shift 1 Shift 2 Shift 3
1. [text text-131] [text text-156] [text text-352] [text text-320] [text text-928] [text text-420] [text text-6944] [text text-4202]
2. [text text-582] [text text-459] [text text-153] [text text-475] [text text-712] [text text-377] [text text-349] [text text-757]
3. [text text-16] [text text-834] [text text-222] [text text-291] [text text-46] [text text-559] [text text-968] [text text-418]
4. [text text-330] [text text-759] [text text-956] [text text-984] [text text-631] [text text-7122] [text text-619] [text text-964]
5. [text text-654] [text text-4099] [text text-864] [text text-672] [text text-55] [text text-25] [text text-106] [text text-345]
6. [text text-910] [text text-651] [text text-814] [text text-443] [text text-904] [text text-26] [text text-918] [text text-62]
7. [text text-97] [text text-640] [text text-88] [text text-601] [text text-398] [text text-509] [text text-338] [text text-613]
8. [text text-364] [text text-279] [text text-749] [text text-94] [text text-796] [text text-691] [text text-526] [text text-198]
9. [text text-830] [text text-841] [text text-999] [text text-79] [text text-750] [text text-875] [text text-555] [text text-854]
10. [text text-643] [text text-547] [text text-428] [text text-504] [text text-638] [text text-791] [text text-278] [text text-9688]
On a scale of 1 to 5 (1 = not important; 5 = very important) rate the following labor force characteristics in terms of their importance to your company relative to the new location:

Quality of the labor pool

[radio radio-833 default:1 “1” “2” “3” “4” “5”]

Availability of skilled labor

[radio radio-952 default:1 “1” “2” “3” “4” “5”]

Wages of skilled workers

[radio radio-504 default:1 “1” “2” “3” “4” “5”]

Quantity of unskilled labor

[radio radio-337 default:1 “1” “2” “3” “4” “5”]

Access to vocational training

[radio radio-775 default:1 “1” “2” “3” “4” “5”]

Non-union orientation

[radio radio-993 default:1 “1” “2” “3” “4” “5”]

Other (please define)

[text text-defineothers]
[radio radio-441 default:1 “1” “2” “3” “4” “5”]
[recaptcha]
[submit id:Submit class:submit-needs-analysis”Submit”]
1 Industrial Tenant Questionnaire [text-15] ward.richmond@colliers.com Please find attached PDF. 1 “[your-subject]” [your-email] Message Body: [your-message] — This e-mail was sent from a contact form on (https://supplychainrealestate.com) Reply-To: ward.richmond@realestatefortruckers.com Thank you for your message. It has been sent. There was an error trying to send your message. Please try again later. One or more fields have an error. Please check and try again. There was an error trying to send your message. Please try again later. You must accept the terms and conditions before sending your message. The field is required. The field is too long. The field is too short. The date format is incorrect. The date is before the earliest one allowed. The date is after the latest one allowed. There was an unknown error uploading the file. You are not allowed to upload files of this type. The file is too big. There was an error uploading the file. The number format is invalid. The number is smaller than the minimum allowed. The number is larger than the maximum allowed. The answer to the quiz is incorrect. Your entered code is incorrect. The e-mail address entered is invalid. The URL is invalid. The telephone number is invalid. Read More