Forsite Development, Inc. is a commercial real estate firm that was founded by Tom McKittrick in December 2004 for the purpose of purchasing “value added” corporate surplus industrial facilities throughout the Southeast, then repositioning them to attract new jobs and investment.

To date, Forsite has purchased and re-developed over 3.8 million SF of these facilities in the Carolinas. Forsite will continue to capitalize market opportunities by using creative deal structures not commonly used by traditional real estate firms.

Value Added Solutions
Forsite seeks to acquire “value add” facilities which are classified as properties that are determined to be undervalued, underperforming, or need to be repositioned. We apply disciplined hands on asset and property management to create value with these assets.

These buildings can often be purchased from companies who are scaling back operations or moving production oversees, or institutional investors who are divesting of no-core assets. Many of these facilities are highly attractive to companies who are considering the Southeast for relocation or expansion.

Opportunities
Forsite has extensive business relationships in the Southeast and sees many proprietary investment opportunities. Forsite has strong relationships with brokers, economic development agencies, and owner/operators which frequently lead to uncovering off market opportunities.

Disciplined
Forsite’s extensive knowledge of the Southeast industrial markets allows its management team to underwrite all aspects of an acquisition and manage risk factors accordingly. Exceptional in-house leasing, construction and property management expertise form a cohesive due diligence team driven to uncover and manage all risk factors.

Sale / Lease Backs
Sale / lease backs have gained popularity with companies looking to recycle capital from their real estate in order to fund their day-to-day operations and/or expand in market share.

Forsite will seek to purchase well located functional buildings with the current owner/occupier willing to sell their building while signing a long term lease to remain in the space.

Build-To-Suits
Forsite's executives have extensive experience in developing office industrial facilities throughout the US. Additionally, through the alliance with Springs Companies, Forsite has access to over 3,000 acres of land; York, Lancaster, and Chester counties in South Carolina.

Forsite's creative and flexible approach with build-to-suits ensures clients a cost effective facility with aggressive lease or purchase terms. Recent BTS projects include a customer service center for Kennametal and Continental Tires North American Headquarters.