CSX/Conrail Operations Center Philadelphia, PA

AthenianRazak led a team consisting of brokers and consultants to document and position CSX’s Tier IV Network Operations facility—inherited through the acquisition of Conrail—for disposition, to determine its value in current market terms, and to establish a marketing program for the property. The project included documenting the property’s substantial technology and reliability features, and assessing the quality of its ongoing operation and maintenance programs to facilitate creation of a report on potential value, market positioning, and production of descriptive materials. In addition, we supplied an extremely detailed due diligence manual to support CSX’s marketing efforts. The property was successfully marketed to a major financial institution on a long-term lease.