Forsite Development Corporate Overview
Forsite Development, Inc. was founded by Tom McKittrick in 2004 for the purpose of acquiring corporate surplus industrial facilities. To date, Forsite has redeveloped over 7 million SF of these facilities across 3000+/- acres, and our projects have attracted or retained approximately 960 jobs and counting.
What We Buy
Forsite is focused on purchasing existing industrial buildings, complexes or portfolios.
We are interested in acquiring any value add industrial building that is at least 150,000 SF.
Heavy Manufacturing Plants
We are especially focused on acquiring large industrial campuses with significant existing infrastructure including; dual feed power, waste-water treatment, steam boilers, process water, rail access, onsite power generation, deep water port access and additional acreage.
• Larger plants of at least 200 acres
• Active permits are a major advantage (Title V, NPDES, and water intake)
• Examples include; paper mills, coal fired power plants, plastics/resins manufacturing, pharma manufacturing, chemical plants and the like
Sale / Leasebacks
Sale / leasebacks have gained popularity with companies looking to recycle capital from their real estate in order to fund their day-to-day operations and/or expand market share. Forsite will purchase well-located functional buildings with the current owner/occupier willing to sell their building while signing a long-term lease to remain in the space.
Forsite’s executives have extensive experience in developing office and industrial facilities throughout the US. Forsite’s creative and flexible approach to build-to-suits ensures clients achieve cost effective lease or purchase terms for new facilities. We continually strive to create value by offering to purchase surplus facilities are part of a new build to suite transaction.
• Bankruptcy cases that include one or multiple legacy sites.
• Stranded contaminated sites where no Responsible Party exists.