Peterman Brothers: Strategic Expansion Through Expert Real Estate Guidance

Client Profile:
Peterman Brothers, an innovative leader in the HVAC mechanical contracting industry, has built a reputation for excellence and proactive solutions. Established in 1986, they have become synonymous with quality and reliability in the HVAC sector, offering a range of services from installation to maintenance, primarily serving [target market/geographical area]. Their commitment to cutting-edge technology and customer satisfaction has driven their rapid expansion and solidified their status as industry frontrunners.

Peterman Brothers & Allies Partnership:
Our collaboration with Peterman Brothers began in the fourth quarter of 2020 and has evolved into a robust partnership. Starting from a single strategic land acquisition, we have since become integral in supporting their statewide expansion, positioning them for sustained growth and market leadership.

Opportunity and Challenge:
Post the construction of their impressive 30,000 square foot headquarters, Peterman Brothers identified the need for additional land for future expansion. They proactively sought to acquire an adjacent 11-acre land site listed by Allies Commercial Realty, recognizing the necessity for space to accommodate their growing business needs.

Analysis:
Our approach included comprehensive market surveys and strategic planning. We conducted an in-depth analysis of local market trends, potential growth areas, and demographic studies to ensure the locations chosen would maximize their operational efficiency and market reach.

Allies & Peterman Brothers Partnership Throughout the Years

11-Acre Site in Greenwood, IN

Our Success Stories:

11 Acres Site Acquisition in Greenwood, IN: This pivotal transaction marked the beginning of our partnership. When Chad Peterman reached out to inquire about an 11-acre land site next to their headquarters, our team swiftly evaluated the site’s potential. Recognizing the strategic importance of this land for future expansion, we facilitated a smooth acquisition process, ensuring that Peterman Brothers secured this crucial asset for their growing operations.
Indiana Statewide Expansion: Building on the success of the initial acquisition, Peterman Brothers entrusted us with a larger role. We embarked on a comprehensive campaign to identify potential sites across Indiana, aligning each location with their specific business needs. Our efforts have led to multiple successful acquisitions, significantly enhancing their operational footprint across the state.
Muncie Market Entry: Our venture into Muncie represented a strategic move to establish a satellite presence for Peterman Brothers. We conducted an extensive search to identify a site that would offer both visibility and operational efficiency. Negotiating favorable terms, we secured a lease that perfectly aligned with their expansion strategy, marking a key step in their state-wide growth.
Bloomington Lease: Our work in Bloomington involved a detailed market analysis to locate a site that would complement Peterman Brothers’ growing network. We managed to secure a lease agreement for a facility that not only met their immediate needs but also offered flexibility for future scaling, reinforcing their presence in a key market.
Terre Haute Strategy: The Terre Haute strategy showcased our adaptability. Recognizing Peterman Brothers’ preference for leasing outside their main headquarters, we sourced an investor to purchase a suitable property. Subsequently, we negotiated a lease-back agreement, allowing Peterman Brothers to maintain operational consistency and flexibility.
Cross-Border Expansion into Louisville, Kentucky: Our most recent achievement with Peterman Brothers involved crossing state borders into Kentucky. Identifying and securing a 5,000 square foot industrial facility in the competitive Louisville market was a testament to our deep understanding of their business needs and our ability to execute transactions in new markets. This move has set the stage for their continued regional expansion.

4-Acre Parcel Located Next to Peterman Brothers Corporate Headquarters

Continued Partnership Four Years Later:

After acquiring the 11-acre site, Peterman Brothers expanded their corporate headquarters by constructing a 46,496 SF facility on 7 acres, which now houses their Top Tech Training Academy. This academy offers trade school training for individuals interested in HVAC, plumbing, and electrical careers, with a mission to restore honor and tradition to the trades.
Peterman Brothers had no use for the remaining 4-acre parcel and engaged Allies Commercial Realty to market and sell it. Within days of listing, Allies successfully secured a buyer at a price per square foot that was 104% of what Peterman Brothers had originally paid just four years prior. This sale allowed Peterman Brothers to recoup much of their initial investment by selling off the remnant parcel.

Results:

Comprehensive Real Estate Consultation: Our role transcends typical brokerage services. We’ve acted as an extension of their real estate department, advising on a spectrum of real estate decisions.
Catalyst for Continued Growth: Our partnership has been pivotal in enabling Peterman Brothers to scale their operations, adapt to market demands, and maintain a trajectory of growth and success in the competitive HVAC landscape.

Conclusion:
Working closely with Peterman Brothers, we’ve gained an in-depth understanding of the HVAC industry’s nuances and requirements. This insight allows us to provide tailored real estate solutions that support their operational objectives and expansion plans. Our journey with Peterman Brothers exemplifies our commitment to deep industry knowledge and strategic partnership, ensuring we continue to deliver innovative real estate solutions that drive business growth and success.

Partnering with Adam and Allies Commercial Realty has been a crucial part of our expansion journey. Their expertise in the market and understanding of our specific needs were evident from our first project together. Adam’s ability to secure the right properties for us, like the 11-acre site adjacent to our headquarters, and his guidance through each subsequent acquisition, have been invaluable. His team’s dedication and efficiency made each process smoother and more beneficial for us. It’s reassuring to know we have a real estate team that truly understands and effectively responds to our growth requirements.