“Merrifield Partners enabled our company to achieve substantial operating cost reductions while moving us from outdated space into an uplifting new facility that is tailored perfectly to our needs.”
John Hobson, CEO
Wellman Inc. (now DAK Americas), a Fortune 1000 Company and leading manufacturer of fibers, plastic packaging and engineering, wanted to consolidate its corporate headquarters operation and realize cost savings. After considering several development partners, Wellman selected MPV Properties predecessor, Merrifield Partners, to:
- Design and construct a customized office and research/development facility
- Secure state and county incentives to reduce operating costs
- Obtain project financing
The project delivered for occupancy Wellman’s 40,000 SF build to suit office and research/development facility inside 521 Corporate Center. Through a combination of incentives, we were able to reduce Wellman’s annual operating costs by more than 50%.