Friday, March 23, 2012

Commercial Construction: From the Perspective of the Owner | Omni ...

Home ? Construction ? Commercial Construction: From the Perspective of the Owner

Wednesday, March 21, 2012

We?ve been talking about construction for the past few weeks. Our first blog of this series offered steps involved in building and the importance of hiring a qualified commercial real estate professional to aid in the process. Two weeks ago, we discussed the pre-approval and entitlement process and last week we shared an interview with David Martin, who is managing a construction project in Harrisburg. This week, we talk with the owner of the Harrisburg property, Robert Beachy.

Why did you decide to build rather than lease or buy existing space?

Our counseling practice has been interested in owning our own building for a number of years.? We have been leasing space for a long time and were interested in owning a building in order to build some equity.? We looked at numerous existing buildings before deciding to build so that we could design and configure the space exactly to our needs and specifications.

For you, what role does Mike play in this process?

Mike has played a pivotal role for us throughout the entire process, from making the decision to own rather than lease, to looking at existing properties, to deciding to build our own building.? Since we had never done this before, Mike?s experience was invaluable in shepherding us through the project.? He made contacts for us with other individuals including our builder, engineer, banker and township officials.? He has kept a watchful eye on the project from start to finish.? It has been very helpful to have someone we could trust representing our interests from the start.

Did you select the builder for the project or was that something coordinated by the commercial real estate agent?

Mike introduced us to our builder, someone he had worked with on other projects and felt would be a good match for what we were planning to build.?? However, we had the final decision about which builder to use for our project.

How did you choose location for the building?

We were aware of a lot that had been for sale for a number of years in the location we wanted to build in.? We chose the location because it was close to our current location and provided easy accessibility for our clients.

Is there anything else you would like to tell us about your experience?

We want to reiterate the appreciation we have for Mike?s assistance with our building project.? He has been available to us answer our questions, help clarify our confusion, and provide encouragement when we have needed it.

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Source: http://omnirealtygroup.com/omni-group/2012/03/21/commercial-construction-from-the-perspective-of-the-owner/

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