Seek, secure and structure

We create value by developing or investing in income-producing real estate. And we maximize income by controlling costs—from hard costs, such as construction and acquisition, to soft costs, including design fees and the cost of capital.

But getting the right building at the right location can be a complex process. Scannell understands the big picture because we’re well versed in the many details that create it. We take command of all project details on your behalf.

Scannell handles the site selection.

We find the best site and secure the necessary entitlements. This is potentially the most challenging step, and truly requires seasoned knowledge of the process. We work with service providers to evaluate potential sites. Every aspect gets measured —the price of the real estate, the projected costs of site work, zoning requirements, fees and much more.

Then we mobilize our design team. Based on our client’s needs, the team evaluates the site and design possibilities, and determines the best route to take. Given the building design, they determine the best way to get the most value for the cost.

Once plans for the site are determined, we obtain cost-effective financing. With our resources, we have the flexibility to structure diverse contracts and advantageous terms.

As construction moves forward, we manage all aspects of the development and continuously monitor costs and schedule..

In other words, Scannell offers everything that’s required to manage your project to completion.

The advantages of private ownership

Publicly traded real estate investment trusts and private developers with institutional partners often have pre-set financial parameters that restrict their investment choices. And that restricts YOUR choices. As a privately owned company, our independence gives us several essential competitive advantages:

• We can use our own capital.
• We have unrestricted options in securing low-cost financing.
• We can determine how long capital should be invested.
• We decide whether to sell an asset after development or hold it long term.
• We can maximize debt if it’s available on favorable terms.
• We can bring on a strategic partner whose interests are uniquely aligned with ours and yours.

We outsource non-core services, keeping our internal costs low.

Our in-house architecture team allows us to quickly evaluate every component of building design and site characteristics. We also use our own staff of seasoned development managers to help us achieve an optimal blend of lower cost and best value.

At the same time, we know that local service providers offer unique insights into the area and its nuances. Scannell hires the best general contractors in a given market, giving us improved control of construction quality, schedule and cost.

Unmatched contacts and access

We regularly engage state and local government economic-development agencies and the commercial real estate services community. Localized knowledge is a valuable source of information on incentives, leasing and sales opportunities, and property-management services.

The Scannell Difference

Scannell has become successful by maintaining our independence. The flexibility derived from that independence helps us deliver more effectively for our customers. In this age of specialization, it’s good to know a company that can provide comprehensive, cost-effective build-to-suit real estate development services.