Mohr Partners Signs Standex International Corporation as Portfolio Client
April 24th, 2013 | Press Releases
Mohr Partners Inc., a global corporate real estate advisory firm, announces the signing of a strategic advisory agreement with Standex International Corporation. Standex, headquartered in Salem, NH, manufactures a variety of products and services for diverse market segments. The firm employs approximately 3,800 individuals throughout the United States and globally, including Australia, Brazil, Canada, China, Europe, Mexico, India, Turkey, South Africa and Singapore.
Mohr Partners will work with Standex to manage a portfolio consisting of approximately 80 facilities worldwide consisting of approximately 2.85 million square feet of space. Valerie Pontiff, Managing Partner, and Glenn Rhuda, Managing Director, with Mohr Partners secured the agreement with Standex and will serve as the account executives.
“We are very pleased to have been selected to manage Standex’s real estate portfolio,” said Ted Fredericks, President of Mohr Partners. “Our global account team will strategically partner with Standex to provide the necessary resources and expertise to reduce occupancy costs and optimize their footprint in the U.S. as well as internationally.”
“Standex is a prestigious global firm and we are honored to have earned their business,” said Ms. Pontiff. “Our model is a strong organizational fit and will provide value to their real estate footprint globally.”
“We are excited to team with Standex to provide portfolio services,” said Mr. Rhuda. “We look forward to partnering with Standex to optimize their real estate, allowing them to focus solely on their business.”
“We selected Mohr Partners because of their broad level of experience and successful track record as a tenant-only advisory firm,” said Steve Brown, Vice President of Business Development at Standex. “Mohr provides a single point of contact approach to portfolio account management that will streamline our processes and optimize our real estate portfolio.”
Standex selected Mohr as its strategic advisor to manage the real estate portfolio through a consolidated and streamlined approach to account management. All corporate real estate activities will flow through a centralized function managed by Mohr. The services to be provided include portfolio account management, strategic advisory, lease administration, portfolio planning and consulting services.
About Standex International Corporation: Standex International Corporation (NYSE:SXI) is a multi-industry manufacturer in five broad business segments: Food Service Equipment Group, Engineering Technologies Group, Engraving Group, Electronics Products Group, and Hydraulics Products Group with operations in the United States, Europe, Canada, Australia, Singapore, Mexico, Brazil, Argentina, Turkey, South Africa, Korea, India and China. For additional information, visit the company’s website at www.standex.com.
About Mohr Partners: Mohr Partners, Inc. is a global corporate real estate advisor, providing corporate tenants with portfolio services including strategic planning, portfolio and lease administration, research and site selection, project and construction management, comprehensive demographics analysis and economic incentives negotiations. Since 1986, Mohr Partners has been managing real estate portfolios for corporations, and each year completes transactions for its clients in all 50 U.S. states, all provinces of Canada and locations around the world. Mohr Partners seamlessly provides corporate real estate services globally through its strategic alliance partners.
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