Pure Development begins construction 
on border facility for Regal-Beloit

Indianapolis, IN (May 18, 2016)—Pure Development has recently started construction on a new southern Texas distribution and light-manufacturing center for Regal-Beloit.

Pure expects to complete and deliver the 208,000-square-foot, institutional-quality facility – which is expandable to 288,000 square feet – before the end of 2016. The facility will be located in McAllen, a growing industrial market near the Mexican border, and will provide logistics support to Regal’s manufacturing plants just across the border.

“Regal not only wanted a Class A building at a great value, they wanted it in a very strategic location,” said Pure Development Principal Drew Sanders. “This project is another example our commitment to providing tailored solutions wherever our clients want to go.”

Josh Aguilar, with CBRE’s Industrial & Logistics division, represented Regal Beloit Corporation in the extensive site search and lease negotiations.

“Regal investigated options in McAllen and San Antonio before selecting the site at Sharyland Business Park in McAllen,” Aguilar explained. “The new distribution facility’s immediate access to the Anzalduas International Bridge will support its existing operations in Monterrey and Reynosa, and solidify its position in the Rio Grande Valley.”

Meet the newest member of our team

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At Pure, we believe in the power of people.

It’s our people, after all, that power our growth and success. It’s our people that develop and deliver world-class facilities on time and on budget – time and time again – to some of the most well-known companies in the world.

It’s our people who work together so well to offer the entrepreneurial spirit and institutional experience that combine to create the Pure difference.

Brian Palmer embodies the Pure difference – his experience, expertise and enthusiasm have helped him create a successful career in our industry. That’s why we are excited to announce Brian has joined the Pure team as a Principal, effective immediately.

Brian is a highly accomplished veteran of the commercial real estate industry, with over 15 years of experience across a number of leadership roles at Duke Realty – including most recently as Local Market Leader of Duke’s Cincinnati operations. During that time, he oversaw leasing and development of a 9.5 million square foot industrial portfolio. Brian has a passion for build-to-suit development and has successfully delivered projects across the country, totaling over $1.7 billion.

As a member of the Pure team, Brian will focus on understanding customer’s vision, technical requirements and business objectives to tailor a best-in-class team for each project – helping us to continuously raise our already high standards on behalf of our clients.

We are thrilled to welcome Brian to the Pure team – and we hope you’re excited about the opportunity to work with him in the very near future. Brian embodies all the qualities that define the Pure difference – and’s yet another example of the power of our people.

GE Aviation project earns Pure Development industry accolades

Indianapolis, IN (March 18, 2016)—Pure Development’s recently completed project for GE Aviation in Indiana earned it recognition by a statewide industry organization.

At its 8th annual Real Estate Awards, the Indiana chapter of the NAIOP / Commercial Real Estate Development Association presented Pure Development with the Best Industrial Project award for its LEAP assembly plant for GE Aviation.

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“We are incredibly excited to be recognized with this honor,” said Pure Development principal Chris Seger. “Just as importantly, we are very honored to share it with our outstanding project partners and the team at GE Aviation who made it possible.”

Pure Development completed the 300,000-square-foot, $100 million facility, at which GE Aviation will assemble its next-generation LEAP aircraft engine, in September 2015. Pure delivered the facility in less than a year – a month early and on budget.

In addition, Pure Development principal Jay Archer was honored for his distinguished career in and contributions to the industry. Archer has 30 years of experience in commercial real estate development, closing more than 1,000 projects collectively valued at more than $2 billion. In addition, Archer’s been a long-time contributor to and supporter of the industry and its philanthropic efforts.

Click here to learn more about our GE Aviation project.

Let’s go

Flexibility can be a funny thing – especially when it comes to picking the right development partner. Lots of firms like to talk about how flexible and adaptable they are – how focused they are on tailoring solutions to clients’ specific needs and challenges.

Pure Development actually demonstrates our flexibility – our unwavering commitment to go where our clients go – with every project. Projects exactly like one we’re working on now.

We recently broke ground on a new 200,000-square-foot distribution center – expandable to 350,000 square feet – for Regal Beloit in McAllen, Texas; CBRE represented Regal on this project. This new facility will provide logistics support to Regal’s manufacturing plants across the border in Mexico. When we complete and hand over the facility in less than a year, it will play an important role in Regal Beloit’s continued growth and international logistics strategy.  It’s a great example of our collective belief in repeat business – Jay Archer, a Pure principal, delivered a 376,000 square-foot Indianapolis facility to Regal Beloit within the past few years.

It’s also another great example of how flexibility can be such an important characteristic when it comes to a development partner. Location was obviously very important for Regal Beloit – McAllen is a growing industrial market barely a mile from the Mexican border.

At Pure, we pride ourselves on going where you go. When we say, “Build to Suit You,” we mean it.

That special sauce

Last month, we were honored to attend and sponsor the CBRE Americas Summit in Denver, where we had the chance to connect and engage with many of you. One of the most memorable highlights from the event for us was The Conversation with world-renowned restaurateur and entrepreneur, Danny Meyer, who was named one of Time’s 100 most influential people this year.

Danny Meyer

Danny Meyer

We were skeptical at first thinking about how someone from the world of restaurants would have anything of relevance to share with the real estate industry. Was this going to be a cooking demonstration? Danny did share a recipe, of course; one that can cook up success in just about any business – including ours.

Danny’s recipe for business success has two main ingredients. The first is technical prowess – how well do you do your job? How qualified are you to do it? These days, as Danny explained, technical prowess is table stakes. Simply being the best when it comes to technical prowess, however, isn’t enough anymore for most businesses.

This is where the second ingredient comes in. This second ingredient, Danny emphasized, is “the power of hospitality.” In other words, how do you make people feel in the course of doing your job? How well do you connect with them and understand the emotions at play in their world? Danny believes that, for any business, the ultimate balance is 49% technical and 51% hospitality.

In our world, hospitality means creating a truly customized, client-focused experience that understands how big of a role emotion plays in almost every decision and project. The power of hospitality is where all businesses, not just restaurants, stand out and differentiate themselves. And it’s certainly how we strive to do things here at Pure with our Build To Suit You approach.

If you haven’t read it yet, Danny’s book, “Setting the Table,” is a must-read for anyone in business, and a great overview of how he values emotional mastery. You can hear Danny speak about the importance of emotional mastery at the video here.

From all of us at Pure Development – Happy Holidays!

An end…and a beginning

We’re not big fans of “one and done” here at Pure Development.

Instead, we’re big believers in the power of relationships – and that providing personalized, tailored service to each client helps us cultivate and grow those relationships over the course of many years. Do good work and take care of your clients, to put it more simply, and those clients tend to stick around.

We were reminded of this recently with a couple of big projects.

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Last month, we delivered to GE Aviation their new world-class facility in Lafayette, IN, where they will assemble their high-efficiency LEAP engine for the largest builders of aircraft in the world, including Boeing, Airbus and builders in China. We were able to build and deliver the $100 million facility in a little under a year – one month early and on budget.

The completion of one project is followed quickly by the beginning of another. This summer, we broke ground on yet another project for GE Aviation – this time to purchase, renovate and expand its facility in the greater Boston area. This fast-track project – we’re scheduled to complete and deliver it by the end of 2015 – will significantly increase manufacturing output and technological capacity for key components of GE Aviation’s LEAP engines.

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This marks the fourth large-scale project on which we’ve partnered with GE Aviation. Our partnership with GE Aviation – as with many of our clients – is a strong one, and much of it is due to our commitment to avoiding “one and done,” to taking the long view, and to treating them less as clients and more as partners.

For us, it’s the only way to work.


To learn more about the Lafayette project for GE Aviation, click here.

To learn more about the GE Aviation project in the greater Boston area, click here.

Pure Development purchases existing facility and breaks ground on major expansion of GE Aviation’s New Hampshire facility

Indianapolis, IN (May 23, 2015)—GE Aviation has selected Indianapolis-based Pure Development to purchase, renovate and expand its facility located on GE’s Hooksett, NH, campus. These efforts will significantly increase manufacturing output and technological capacity for key components of its next-generation LEAP engines.

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Chris Seger and Drew Sanders of Pure Development joined GE Aviation leaders and New Hampshire Governor Maggie Hassan at a groundbreaking event in Hooksett on May 7. The expansion project, including equipment, represents a $50 million investment and will modernize and grow GE Aviation’s existing Hooksett facility, where more than 700 employees have been manufacturing rotating parts for its military and commercial jet engines since the 1970s. Pure will complete this fast-track project by the end of 2015.

“Once again, we are honored to partner with GE Aviation in helping them expand their capabilities and meet increased demand,” said Drew Sanders, principal at Pure Development. “By being truly client-focused and results-driven, we provide customized service and solutions, and we are excited to work with the great team at GE Aviation on yet another important project as it positions itself for long-term success and growth.”

This is the fourth large-scale project the Pure Development Team has partnered with GE Aviation on, including two plants in Mississippi and the current construction of a new $100 million LEAP assembly plant in Lafayette, IN, scheduled to come online this fall.

More than 70 percent of vendors, subcontractors and resources Pure Development uses in the expansion project will be New Hampshire-based.

“Our partnership with Pure Development is a strong one, and we cannot think of a better choice for this significant expansion, especially given its aggressive timeline,” said Doug Folsom, Executive Plant Leader of the Hooksett facility. “The team at Pure knows us well, and their tailored, highly focused approach offers us tremendous value and confidence.”

Allstate’s in good hands

This month, we were excited to break ground on a new office building for Allstate in Roanoke, VA. At three stories and more than 75,000 square feet, the new building will – when complete in late 2015 – provide a notable upgrade from its previous building – one it had been in for 40 years. The building will offer a look, feel and atmosphere worthy of one of the world’s great brands, with features including architectural precast and metal panel skin, high-performance glass and a beautiful terrazzo lobby with a monumental open staircase.
Most important about the facility is that it will be exactly what Allstate needs – and wants. Our tailored, flexible approach will fully meet Allstate’s unique requirements – and overall vision – for the BTS structure.

allstate

In our previous email, we shared with you a bit about who we aren’t as a firm. Today, we think this project for Allstate helps to share more about who we are – and what makes us different:

We are transparent. From the first meeting to the day the doors open, we are open, direct and transparent with our clients. Our unique approach and experienced team allows us to run lean as a firm, and we pass those savings on to our clients. Furthermore, being transparent allows us to be aggressive economically, putting forth compelling terms each time.

We are passionate. We didn’t create Pure Development to keep doing things the way they’ve always been done. We love this work, and we love working with clients like Allstate – and we love it because we’re passionate about doing this in a way that is pure, different and, we believe, better for everyone involved. 

We are focused. And focused specifically on the unique needs and challenges of each project for each client. We pride ourselves on developing completely customized solutions, with the Allstate building as an example.

With Pure, just as with this new facility for Allstate we’re excited to get started on, there’s more than meets the eye.

Pure Development Principal Chris Seger serves as featured panelist at CBRE Americas 2014 Industrial and Logistics Conference

Indianapolis, IN (September 10, 2014)—Chris Seger, principal at Pure Development, served as a featured panelist at the recently completed CBRE Americas 2014 Industrial & Logistics Conference.

With a theme of “Forward,” the conference was held Sept. 16-17 in Chicago. Seger served as one of two featured panelists for a discussion on “The New Tenant Occupier.” He was joined by fellow panelist Jeff Brown, president and vice chairman of NFI; and moderators Whitley Collins and Brandon Forde, both managing executive directors with CBRE.

Pure Development also served as a Patron Sponsor of the conference.

Pure Development closes on land and starts construction for $100 Million GE Aviation facility in Indiana

Indianapolis, IN (August 26, 2014)—Pure Development, the Indiana-based developer for GE Aviation’s new assembly plant in Lafayette, Indiana, has closed on the land and construction has begun on the 50-acre site that will house the new world-class facility.

Officials – including Indiana Gov. Mike Pence and U.S. Senators Dan Coats and Joe Donnelly – were on hand to celebrate the project’s start at a ceremonial groundbreaking event on July 21. Today, Pure Development finalized all proceedings in regards to the project, enabling construction to start on the state-of-the-art, $100 million facility at the intersection of US 52 and Veterans Memorial Parkway.

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“It is an incredibly exciting day for our team to get everything finalized and clear the way for this project to start taking shape,” said Chris Seger, principal at Pure Development.

“Having performed large-scale projects as a partner with GE Aviation previously, we recognize the importance of this mission critical facility to everyone involved. it’s an honor to play a part in bringing this state-of-the-art project to fruition for GE Aviation and as an Indianapolis-headquartered development firm we are especially pleased these quality, high-paying jobs are coming to Indiana”, said Drew Sanders, principal at Pure Development.

The new facility will assemble GE Aviation’s high-efficiency LEAP engine for the biggest builders of aircraft in the world, including Boeing, Airbus and jet manufacturers in China. The facility will open in September 2015, and GE Aviation officials expect to employ up to 200 workers at the facility by 2020.

“Any time you have a project of this size, scope and complexity, your choice of developer is critically important to its overall success,” said Eric Matteson, Senior Manager/Pole Leader at GE Aviation. “Having worked with Chris, Drew and the entire Pure team on two previous projects, GE Aviation knows their tailored approach offers value and their delivery system is proven. We’re confident in their ability to guide this project, as they’ve already shown in securing competitive financing and overseeing the project’s development.”

This is the third project the Pure team has developed for GE Aviation over the past several years, joining two plants in Mississippi. Click here to learn more about the GE Aviation LEAP engine assembly facility.