KBC Advisors / Velocis
Overview
Velocis, a Dallas-based fund manager, and KBC Advisors, a national developer of industrial facilities, have partnered to develop over 5M SF of industrial / logistics properties in North Texas.
DETAILS
- Three developments (seven buildings in total) currently under construction have delivery dates 5 – 7 months apart
- 2,091,000 SF (separately metered)
- Estimated usage based on comps: ~11,600,000 kWh per year
KBC Advisors / Velocis
The Solution
KBC Advisors is building the future of industrial real estate. We understand that powering large spec industrial buildings requires a strategic and forward-thinking approach to energy procurement.
In this case we created a master contract to include all new construction developments in DFW to drive the price down, created a flexible contract their tenants can assume, and added walk-away language in the event of sale.
DETAILS
- Bundled projects under one master contract to drive long-term pricing down
- Contract includes: fixed price, 100% full swing, full and partial assignment language (flexible meter assignment as tenants move in), blend-and-extend, add / delete clause, protection from congestion, dedicated support from chosen supplier, and walk-away language