In 2016, pharmaceutical distribution corporation, McKesson, was seeking a Class A office building for their regional headquarters with a focus on consolidating current operations and enhancing presence in the Dallas metro location. The Location Incentives group secured a $23M incentives package to help offset McKesson’s $157M investment in building acquisition, renovation, and equipment purchases. Notable incentives include a $9.75M cash grant from the Texas Enterprise Fund, with 20-year property tax abatements.
In 2009, world leading manufacturer of construction and mining equipment, Caterpillar, was seeking to build a new location that would host their engine assembly, testing and painting operations as their business continued to expand. The client engaged CBRE’s Location Incentives group to assist in identifying a location to develop the operations facility, hosting a 1M-sq-ft building in a competitive labor market within the machinery industry to accommodate Caterpillar’s growing organization. The Location Incentives group’s final negotiations with the State of Texas and City of Seguin generated more than $105M in savings. Caterpillar received $70M in property tax refunds, $11M in cash grants, $2M in infrastructure grants, and a $22M Freeport exemption.
In 2016, leading auto glass repair and replacement corporation, Safelite AutoGlass, was seeking to expand their operations location based on the increase in their organization’s business. The client engaged CBRE’s Location Incentives group to identify a new location within mountain and central geographic time zones in a competitive labor market for customer services and claims processing jobs. The Location Incentive group’s final negotiations successfully lead to an $8M incentives package that helped reduce capital costs and on-going operating costs for Safelite’s new facility. Notable incentives include a $3M cash grant from the New Mexico Governor’s deal closing fund, $3M in job training grant and payroll rebates, and property tax abatements.
In 2016, leading telecommunications corporation, Sprint, was seeking a regional headquarters facility to expand retail stores in the southeastern market. The client engaged CBRE’s Location Incentives group to identify a property positioned in a competitive labor market for telecommunication related jobs—networking, engineering, sales, operations, finance. The Location Incentives group secured a $2.7M incentives package within 30 days from receiving the green light from Sprint. The incentives package included payroll rebates over a 10 year period of time.