CTDI CONTINUES MULTI-MARKET EXPANSION WITH GREAT SUCCESS IN A RETURNING ECONOMY
King of Prussia, PA – July 19, 2013 – Jackson Cross Partners, LLC (JCP) today announced the completion of 5 additional large commercial real estate transactions, in multiple markets, totaling over 300,000SF in the last six months, for the West Chester, PA firm Communications Test Design Inc. or CTDI.
CTDI, a leader in global engineering, repair, logistics and product manufacturing serving the communications industry, supports an expanding customer base with more than 5,200 employees in 50 facilities in the US and globally. Fueled by a one-stop service commitment to customers, CTDI has continued to experience significant expansion and needed to enter new markets quickly with adequate space to meet their future growth.
“Working with Jackson Cross Partners on a national level has proven to be invaluable to CTDI as we continue our expansion efforts in multiple markets around the country. Our real estate needs are very specific – class A industrial space with ESFR sprinklers and 30ft clearance, ample truck loading and employee parking, and certain flexibility in timing – and the JCP team delivers, continuing to find diamonds in the rough even in a returning economy,” stated Paul Cardell, CTDI Vice President Corporate Operations.
JCP’s team is led by John Morrissey, Partner, and David Mackey, Associate Broker. In the last six months the team has completed the following transactions for CTDI:
- New 25,000 sf, 5 year lease for consolidation and relocation in Montreal with Colliers International
- 3 year, 19,875 sf lease negotiation for downsize and renewal in Westborough, MA with CBRE
- New 5 year, 72,150 sf lease for new Wireline division location in Lebanon, TN with Cushman & Wakefield
- 2 year, 79,611 sf lease extension in Aurora, CO with Newmark Grubb Knight Frank
- New 5 year, 110,000 sf lease for new location in Charlotte, NC with Piedmont Properties
Morrissey points out that “JCP’s goal for CTDI is to identify the best real estate opportunities available in each market they service. We can deliver on that goal by partnering with some of the top brokerage firms and developers in the US and Canada, using our combined expertise to negotiate in the best interest of our client.”
About CTDI
CTDI has provided groundbreaking service solutions to the communications industry since 1975. Today, CTDI is a full-service engineering, repair and logistics company delivering innovative and web-based service models worldwide. CTDI’s one-stop service model includes: Wireline Repair and Logistics, Wireless Repair and Logistics, Network Deployment Services, Supply Management Services, Product Engineering and Manufacturing, and most recently, CPE (Set-Top Box, Modems & EMTAs) Repair and Logistics. CTDI’s customers include the major Telecom and Cable service providers as well as OEMs from around the world. CTDI maintains its corporate headquarters in West Chester, PA, and supports an expanding customer base with more than 5,200 employees in 50 facilities worldwide.
About Jackson Cross Partners
Jackson Cross Partners (JCP) is a multi-dimensional commercial real estate company that offers a unique resource to an organization’s real estate challenges. The company provides commercial property owners and occupiers with a broad range of services including Advisory, Brokerage, CRE Strategies, Investment and Property Management. With advanced skills and experience in Real Estate, Finance, Accounting, Technology and Law, JCP provides a cross functional approach to real estate planning, analysis and operational execution. The company, based outside of Philadelphia, PA, provides regional brokerage services in Pennsylvania, Delaware and New Jersey, while also providing advisory and strategic execution for client portfolios throughout North America and around the world.