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LG Electronics Canada

Key Information

Client

LG Electronics Canada, Inc.

Location

Vancouver, BC

Topline

Relocate from an inefficient third-party situation to a custom renovated distribution centre in a compressed timeframe.

Challenge

Prior to 2008, LG outsourced its distribution centre to a third-party logistics provider and, therefore, were not familiar with the local industrial market.  As the expiry of the third-party contract approached, LG engaged CBRE to review the potential of bringing its distribution centre in house.

Solutions

CBRE conducted a comprehensive survey of all potential distribution centre locations best on LG’s facility requirement.  The best suitable options were shortlisted and a competitive environment was created through a Request for Proposal process.

Results

LG was able to relocate from an inefficient third-party situation to a custom renovated distribution centre in a compressed timeframe.  In 2011 CBRE also created a competitive environment for LG to complete an early short-term renewal at below market rates.

CBRE was awarded the NAIOP Industrial Lease of the Year Award in 2009 for the original LG Electronics transaction.

Contact

Chris Maccauley
Chris MacCauley
Personal Real Estate Corporation
Advisory & Transaction
Senior Vice President
+1 604 662 5190
+1 604 684 9368
Joe Inkster
Joe Inkster
Personal Real Estate Corporation
Advisory & Transaction
Senior Vice President
+1 604 662 5134
+1 604 684 9368
Ilya Tihanenoks
Ilya Tihanenoks
Associate Vice President
Advisory & Transaction Services
+1 778 372 3930
Hayden_Ferrill
Hayden Ferrill
Sales Representative
Advisory & Transaction
+ 1 778 372 1934
Anthea_Lo
Anthea Lo
Real Estate Services Assistant
Advisory & Transaction
+1 778 372 3936
Katie_Macskasy
Katie Macskasy
Real Estate Services Assistant
Advisory & Transaction
+1 604 662 5100