Blanks USA was founded over 30 years ago selling door hangers and raffle tickets. Since its inception, Blanks has evolved into an industry-leading supplier of security paper and die cut paper products. Blanks experienced healthy growth and that growth was projected to continue, which created a real estate issue. Blanks had reached capacity in their single tenant facility.
After meeting with the Blanks USA team and learning more about the company and the owners’ long-term goals, Tim Olsen developed a clear path to accomplish the real estate goals. Blanks USA wanted to leave their facility. Tim was tasked to locate a property that would allow Blanks to expand operations and allow for future growth.
In 2011, Tim found a property located a couple miles from Blanks’ existing location. Using his team’s in-depth knowledge of the local real estate market and property owner, Tim negotiated a closing price $1,000,000 lower than the original asking price. The property had two current tenants and room for Blanks USA to occupy, which accomplished the original objective.