NuVasive Expands Locally
When San Diego-based medical device company NuVasive wanted to expand operations with a state-of-the-art manufacturing facility, its Fairborn site lacked the flexibility needed for growth. Miller-Valentine Group’s team of experts stepped into the fray, providing NuVasive with a real estate solution that empowered the manufacturer to make the most time- and cost-effective choice; one that not only saved the existing jobs but will bring an additional 200 jobs to our region.
How did NuVasive reach its decision? Denny Whitehead, Miller-Valentine Group senior vice president in the Dayton market attributes the site selection to the combined efforts of local government officials who put forward attractive incentives to keep NuVasive in the region, as well as the collaboration among Miller-Valentine’s brokerage, construction, development, and property management teams.
Miller-Valentine structured a team to meet NuVasive’s budget as well as tackle an aggressive time-frame to complete the new manufacturing facility. Gerry Smith, senior vice president, Miller-Valentine Group Realty Services, assessed their needs, pinpointing three potential sites suitable for renovation. The construction group conducted a renovation vs. new construction cost analyses, and the property management professionals weighed in, helping to narrow the choice. Based on a combination of the estimated renovation costs along with long-term operating, tax and insurance costs, the former Motoman facility in West Carrolton was selected as NuVasive’s new location.
Less than five months after the ink was dry for the building acquisition, Miller-Valentine Construction had undertaken demolition of 66,000 square feet of existing office space; construction of 25,000 square feet of new office space; renovation of 88,000 square feet of manufacturing space, as well as modifications and improvements to existing HVAC and electrical systems. Despite the tight timeframe, the June deadline was met, and the project was delivered on time and on budget.
For over 50 years, Miller-Valentine Group has provided clients a wide array of real estate products and services, all under one roof. This comprehensive approach enables clients to:
- Save time and resources by working with a team of experts from different disciplines who provide comprehensive advice for their real estate goals.
- Hear an owner’s perspective — Miller-Valentine Group owns both commercial and multifamily real estate, and their extensive knowledge and perspective in all areas of real estate acquisition, ownership, and disposition provides invaluable insight.
- Receive personalized attention to their unique needs, which are thoroughly reviewed and analyzed by a team of experts. Miller-Valentine ensures their clients have an exceptional experience and a customized solution to exceeds their expectations.
Contact MVG for more information.
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