Forsite Development Inc. was formed by Tom McKittrick in December of 2004 for the purpose of purchasing "value added" corporate surplus industrial and office facilities and new build-to-suit opportunities in the Southeast.

To date, Forsite has purchased or developed over 3.8 million square feet of space. Our goal is to provide value for our customers through creative and flexible deal structures not commonly found with traditional development firms.

Value Added Solutions
Forsite provides flexible solutions to companies saddled with non-core office and industrial facilities. Who could benefit?

• Any company with vacant corporate surplus real estate
• Non-credit companies that would benefit from recycling capital via a sale/leaseback of existing real estate
• Companies that have vacant or soon to be vacant (corporate surplus) facilities for sale
• Companies with facilities that are too big and would like to sell and lease back only a portion of the space
• Companies that have environmentally contaminated facilities and want to get the liability off their books

Existing Building Acquisition Criteria
Forsite's primary acquisition strategy is to identify, purchase and then sell or lease underutilized and/or surplus industrial and corporate facilities. The typical property for consideration will have, in general, the following characteristics: (*Industrial properties only - office properties will differ accordingly.)
Geography - Southeastern United States

• Minimum of 50,000 SF per property
• Minimum 20' clear height
  
• No significant functional obsolescence
  
• Design and user flexibility
  
• Adequate docks
  
• Access to interstates and airports
  
• Good workforce characteristics

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. Current BTS projects include a customer service center for Kennametal and Continental Tires North American Headquarters.

Competitive Advantages
There are a variety of factors that enable Forsite to create value for our clients. They include:

• Creative Approach. Forsite is able to provide solutions for both the sellers of industrial facilities and the prospective users of this space through creative and entrepreneurial deal structures.
• Significant Supply. The movement of manufacturing jobs to China and abroad has left in its wake a significant amount of A and B Grade industrial buildings throughout the Southeast with good access to skilled and cheap labor.
• Financial Strength. Through Forsite's financial relationship with The Springs Companies, we are able to move quickly and aggressively on all types of real estate transactions.