Proven Multi-Unit Build-to-Suit Specialist
InSite specializes in the execution of multi-unit build-to-suit programs for corporate and franchisee tenants – retailers, restaurants, financial institutions, government units, schools, non-profit organizations, and healthcare and other service providers – worldwide.
Since the company’s first build-to-suit project completed in 1988, InSite has successfully completed over 600 build-to-suit projects in over 40 states and Europe for over 50 companies.
Single-Source Build-to-Suit Program
InSite’s build-to-suit program, the industry’s most effective and efficient, uses a single-source platform that provides the resources necessary to deliver single-tenant and anchored multi-tenant projects in the quantity, when, and where required to meet the tenant’s business plan.
90+ Person Workforce – InSite’s workforce self-performs all essential project origination, production, and operations work: property search, property purchase, leasing, project management, construction management, legal, finance, and property management.
Industry-best Project Management System – “PremiSYS,” InSite’s project “manufacturing” system, uses standardized processes that consist of detailed workflows and highly-refined document templates. “WorkBench,” InSite’s proprietary “assembly line” software, (1) automates tasks in each process workflow; (2) synchronizes all process workflows; (3) tracks project progress; and (4) distributes real-time information to the Project Workforce, tenant, and third-party project consultants.
Certain Project Funding – Project capital is either self-funded or funded with pre-committed credit facilities.
Program Design
The Program is based on a straightforward bargain between the tenant and InSite: (1) the tenant provides a potential project pipeline to InSite; and, (2) InSite provides a development platform that simultaneously delivers multiple tenant projects upon tenant-favorable terms to the tenant.
The Build-to-Suit Program has both program-level and project-level objectives:
Program-Level Objective: Meet the Tenant’s Business Plan
Optimal Target Markets – identify markets populated by the tenant’s “best customers” in the number required to meet or exceed target unit revenue.
Operating Unit Delivery – per fiscal year, deliver the target number of operating units and operating periods per operating unit.
Project-Level Objective: Achieve the “InSite Project Standard”
Optimal Property – identify and purchase the property in the target market that best meets the tenant’s location standards at the target purchase price.
High-Performance, Low-Cost Facility – the facility meets the tenant’s design standards and execution standards at the lowest project cost yielding the lowest base rent.
Market-Responsive, Transparent Transaction – the transaction responds to current and forecast market standards; all relevant transaction information is clearly, fully, and timely disclosed to the tenant.
Fast, Certain, Frictionless Execution – project duration is minimized; project outcome does not deviate from the project model; project production is precise and conflict-free.