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For Immediate Release
MOHR PARTNERS SIGNS PIEDMONT PLASTICS, INC. AS PORTFOLIO CLIENT
Tuesday, July 26, 2011
Mohr Partners Inc., a global corporate real estate advisor, announces the signing of Piedmont Plastics, Inc. as its latest portfolio client. Piedmont Plastics, headquartered in Charlotte, NC, is a leading supplier of plastic sheet, rod, tube and film products with locations throughout the United States, Canada and Mexico.
Mohr Partners will exclusively manage all transactions for real estate operations for Piedmont Plastics facilities in the United States, Canada and Mexico. Charles Daggett, Managing Principal and Jarrett Dunaway, Account Executive of Mohr Partners' Dallas, TX office, secured the partnership.
"We are pleased to partner with Piedmont Plastics to provide global portfolio services. We will utilize our expertise to implement cost savings and strategic planning throughout their locations globally," said Daggett. "We will streamline their real estate portfolio by reducing occupancy costs and improving operational efficiencies as a 'one source' solution, centralizing site selection, portfolio management and lease administration as a single function."
"We are excited to announce Piedmont Plastics as another addition to our growing base of portfolio clients," said Ted Fredericks, President of Mohr Partners. "We have extensive experience with suppliers and the factors that drive their business, as our current client base will attest. We look forward to partnering with Piedmont Plastics to optimize their real estate, allowing them to focus exclusively on their business."
Piedmont Plastics selected Mohr as a partner to establish a streamlined real estate process consolidating real estate functions through a centralized operation for lease administration and management at the corporate level. Mohr will provide Piedmont Plastics with all portfolio services including portfolio account management, strategic advisory, lease administration, and exclusive tenant advocacy through a "single-point of contact" approach.
The Mohr team worked with Andy Scales, Chief Financial Officer of Piedmont Plastics to secure the strategic partnership.
Piedmont Plastics, Inc. is a leading multi-national distributor and fabricator for the delivery and conversion of plastic sheet, rod, tube and film products. Founded in 1968, the company has distribution facilities located throughout the United States, Canada and Mexico. Over the last 43 years, they have grown from a local supplier of basic plastic shapes and films, to one of the leading plastics distributors in North America with a reputation for integrity that permeates every aspect of business. For more information on Piedmont Plastics, Inc. please visit: www.piedmontplastics.com
About Mohr Partners:
Mohr Partners Inc. is an international corporate real estate services, advisory and consulting firm with 19 U.S. offices, providing corporate tenants with portfolio services including strategic planning, portfolio / lease administration, research and site selection, project and construction management, comprehensive demographics analysis and economic incentives negotiations. Since 1986, Mohr Partners has been managing real estate portfolios for corporations, managing transactions in all 50 U.S. states, all provinces of Canada and locations around the world. Mohr Partners seamlessly provides corporate real estate services globally through its strategic alliance partners. For more information on Mohr Partners please visit: www.mohrpartners.com
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