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Case Study: Warehouse Exchange and Soo Brand Solutions Collaboration
Introduction:
Warehouse Exchange (WEX) is a platform that connects warehouse owners and operators with businesses seeking storage solutions. By creating the largest network of warehouses across the country, WEX has successfully established itself as a leader in the warehouse-sharing industry. This case study will focus on how Warehouse Exchange helped Soo Brand Solutions, a J.C. Watson Packing Company, fill and monetize 35,000 SQFT of unused space due to seasonality in their business.
Background:
Soo Brand Solutions is a packing company that experiences fluctuations in its storage needs based on seasons and demand. During a period of low demand, Soo Brand found itself with 35,000 SQFT of unused warehouse space. Recognizing the potential to generate income from this space, Soo Brand listed their warehouse on the WEX platform.
The Warehouse Exchange Solution:
Within weeks of listing the available space on WEX, Soo Brand was connected with a tenant seeking storage for restaurant equipment. Initially, the tenant signed a lease for six months; however, as the space continued to be available, the tenant requested an extension, doubling the lease term to twelve months.
This collaboration provided Soo Brand with a valuable source of revenue during their off-peak season, while offering the tenant a convenient and flexible storage solution.
Results:
By partnering with Warehouse Exchange, Soo Brand Solutions was able to:
Quickly fill their available warehouse space with a suitable tenant.
Minimize costs associated with unused space.
Generate additional income during their off-peak season.
Establish a long-term relationship with a tenant who extended their lease.
Tyler Weber, Soo Brand Warehouse Manager, praised the partnership with WEX, stating, "Our storage needs vary based on seasons and demand, WEX helps us find the perfect tenants quickly to minimize costs and generate income."
Conclusion:
The collaboration between Warehouse Exchange and Soo Brand Solutions demonstrates the effectiveness of WEX's platform in connecting warehouse owners with businesses seeking storage solutions. By utilizing WEX's extensive network of warehouses, Soo Brand could fill their available space promptly, minimize costs, and generate income during their off-peak season. This successful partnership showcases the potential of Warehouse Exchange as a valuable resource for warehouse owners and operators across the country.