OPPORTUNITY

Lockheed Martin, a Fortune 100 company and one of the largest government defense contracts, wanted to focus on their core business of government defense, rather than the facility management of a 2.1 million square foot site. IRG stepped in to transition purchase and manage the complex, providing strategic cost saving initiatives, enhanced tenant satisfaction and increased occupancy throughout the campus.

OUTCOME

Once the client was free to focus on their core business and realize the cost saving benefits of not owning or maintaining the campus, they were able to grow their business, adding over 150 new jobs to the Akron, Ohio area. IRG Realty Advisors has taken over the utility procurement on this site. This was accomplished through planning and engineering a new decentralized approach to utility delivery to the campus, abandoning the older inefficient central boiler plant system. This has saved over 60% in gas usage, 15% in electric usage and 48% in water usage.The success of this relationship has been so strong that the client is sponsoring IRG for official status as a defense contractor. Such a designation will allow IRG to hold a unique place in the market.