Redevelopment / Large Takedowns
We can take down larger parcels and redevelop old properties to make deals happen for our clients
Many times in saturated markets, acquiring an existing building and demolishing and rebuilding, is the best way to locate premier sites. This was the case with TerraForm’s Lehi Crossing development.
Redevelopment of larger acreage
TerraForm acquired 4.84 acres of property located at the intersection of Main St. and State St. in Lehi, UT. At the time of acquisition, the property consisted of over 48,000 SF of dilapidated industrial buildings. TerraForm worked with a stellar team of architects, engineers, and brokers to design a site plan that appealed to net lease retail tenants and met the desires of the municipality and community.
The end result was a beautiful, six lot commercial subdivision that attracted tenants such as AutoZone, Taco Bell, Starbucks, AT&T, Jersey Mike’s and more. In spite of the challenges associated with a demolition and re-build project, the development was completed under budget.
TerraForm’s pro-active mindset and collaboration with key stake holders helped create the vision for the project. The experience of TerraForm’s partners made the project a success.
“TerraForm came to us with a great site for Taco Bell. I was impressed with how well they operated within our development structure. We received direct attention from TerraForm principals who were able to make decisions quickly and keep the project on schedule. Their nimble, responsive structure enabled us to open our store in less than 90 days from starting construction.”Pam Plew Taco Bell Development Coordinator // Desert de Oro Foods
“TerraForm has been developing sites for us for over 3 years. With their experience in the automotive service industry, they helped us revamp our floor plan and improve our development model. They have delivered consistent and reliable results and I am always able to talk directly with decision makers who can respond quickly and solve problems. TerraForm is a trusted business partner who has helped us find and develop great sites, enabling us to focus on other aspects of our business and achieve our expansion objectives.”Dave GriffinOwner Griffin //Fast Lube