PowerLight Technologies is a fast developing technology company, engaged in the business of using high intensity light to transfer electricity, wirelessly, over long distance for applications in the military and industrial markets.
PowerLight engaged Flinn Ferguson Cresa’s industrial practice group in January, 2021 in pursuit of sourcing a modernized corporate headquarters with adequate infrastructure for expansion in all areas of their operations (R&D / lab, shop, and office). Over the course of our 12 month due-diligence process, we collectively evaluated product types ranging from flex / industrial with adequate office nodes for the required lab / shop retrofit to office solutions that could be converted to flex. We ultimately shortlisted the competitive set to two facilities that could accommodate all three of PowerLight’s requisite business functions. Subsequently, we leveraged both opportunities against each other and effectively achieved below market economics with a significant space pocket to allow PowerLight the ability to scale into their new HQ.