Design-Build and Lease Purchase Agreement – Manufacturing Facility
In 2010, Green Span Profiles, a supplier of insulated metal panels (IMPs) for the construction industry, approached Drymalla Construction Co., Inc. to assist them in delivering a new manufacturing facility needed to expand their IMP product line. Drymalla, a general contractor and 20-year client of Andrews Myers, has been in the general contracting business since 1946 and has a very active construction pipeline with a permanent workforce of over 200 full time employees.
Andrews Myers represented Drymalla in evaluating and resolving issues related to business formation, project delivery method and optimal return-on-investment outlines. The firm utilized a cross-practice approach to successfully structure a special single purpose entity to purchase a 9-acre tract and execute a lease purchase agreement with Green Span. The firm also assisted with securing project financing and prepared the Design-Build contract between Drymalla and the Lessor for the design and construction of the 70,000sf manufacturing facility.