How Honeywell secured a new BTS facility with iO Partners’ expertise

Honeywell, a leading production company, was operating in an outdated and worn-out manufacturing plant. In an effort to drive efficiency, the company sought to move to a new built-to-suit facility. Appreciating the complexity of the challenge that lay ahead, Honeywell engaged the iO Partners team.

iO Partners began by conducting thorough market research and produced a full analysis of the local market, initiating competitive offers from landlords and developers. Once this was accomplished, the team performed due diligence of potential sites and prepared and distributed Request for Information (RFI) and Request for Proposal (RFP) to shortlisted properties. 

Providing support and negotiation skills from start to finish, iO Partners supervised the preparation and signing of the lease contract.

As a result of iO Partners' dedication, a suitable developer with the capability and capacity to construct the desired built-to-suit facility was identified. The team provided further support with transaction services, helping Honeywell acquire a new production unit. This move is beneficial for current productivity and also provides expansion opportunities for the future.