Olmsted-Kirk Paper Company has been distributing fine paper products from its Houston distribution center at 3840 12th Street for over forty years. The company’s success in Houston created a need for more storage and distribution capacity. The options included off-site storage at another building, expansion of the 12th Street facility or acquisition of a larger existing building. After finding a temporary solution for their off-site storage needs, PinPoint Commercial went to work, analyzing the options for O-K Paper, keeping in mind the need for larger, more efficient storage space at a manageable cost. Based on its knowledge of the industry and marketplace, PinPoint helped its client determine that expanding the 12th Street building was not economically viable for a number of reasons. Assisted by PinPoint, O-K then attempted a thorough and lengthy market search but failed to locate a suitable existing building to purchase. After determining that there were no efficient existing options in the market, the team at PinPoint Commercial found a land site in the required geographic area ideal for the construction of a new, state-of-the-art distribution building. PinPoint coordinated the site acquisition, building design team and construction process. PinPoint will provide permanent financing assistance as well.
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“Our company has relied on the market knowledge and experience of the team at PinPoint Commercial for over ten years in Houston. John Thompson and David Toone have always handled our real estate affairs as though they are partners with O-K Paper Company.”
– Charles Blackwell
Houston Branch Manager
Olmsted-Kirk Paper Company |