Just wrapped up a very productive property team meeting. We worked through our second offer (in the form of a letter of understanding) and will send it to the owner this week. The corporate real estate process is a long one, but we are making some headway. After receiving the appraisal for the property and doing some due diligence on the cost of site preparation, we were able to formulate this second offer with more data behind it.
Pray the owner will accept the offer and that everything continues to fall in place. We have begun to visit with Adams Township regarding some additional permitting issues as well as traffic light and intersection exploration with Pen Dot.
We will continue to keep you updated.
Monday, July 27, 2009
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