Full Success Story

Company: Shepherd Hardware Products LTD. (“Shepherd”) is a distributor of general duty and industrial casters, replacement wheels and floor protection products. The company is headquartered out of Three Oaks, Michigan, and has a global presence with distribution centres in Canada, Mexico, England, France, Australia, China and the United States.

shepherd industrial real estate

Challenge: Faced with an upcoming lease expiry at their Markham facility, Shepherd wanted to evaluate how to better service their customers, while promoting long term growth and sustainability for the company.

Response: LIDD was hired to help develop a long-term network capacity plan that provided Shepherd with the necessary infrastructure to promote growth in North America and to most effectively reach their consumer market. Concurrently, LIDD’s real estate advisory team was engaged to begin a dialogue with Shepherd’s current landlord at their Markham facility to discuss their upcoming lease expiry.

Solution: LIDD’s integrated model was used to understand Shepherd’s operation on a deeper level and to help Shepherd make strategic decisions based on an exhaustive set of data gathered by LIDD’s supply chain engineers. A competitive negotiation strategy was created which aided in maximizing leverage with the current landlord. The end result was an extension of Shepherd’s 47,000 SF lease with basic rent below market ask, as well as a tenant improvement allowance to allow Shepherd to modernize the facility.

Jesse Micak
Jesse Micak Principal, Broker

Jesse has worked in real estate and facilities consulting services since 2011, and has successfully completed assignments for food, automation, government and consumer packaged goods organizations. Formerly a Vice President of Industrial Services with a leading real estate consulting firm, he is now the Principal and Broker of Record at LIDD’s real estate advisory practice. Jesse is an Ironman Triathlete and holds a degree in Environmental Studies from Lakehead University. In 2018 and 2014 he was recognized by CoStar as one of Toronto’s top industrial real estate professionals.

Want To Continue The Conversation?