Business Park

A giant business park located in Southeast Florida is a conglomerate of over 60 properties totaling around 3 million square feet.  The properties are freestanding and typically handled individually by the assessor. Pivotal reviewed the property and documented that the property, in its entirety, was managed, mortgaged, landscaped, etc. by the same entity. Utilizing this common management in order to establish an economic unit, Pivotal argued that the property would most likely be sold as one unit on the open market, so it stood to reason that the properties be treated as one whole in the valuation process for property tax purposes.

Due to Pivotal’s efforts and innovative appeal approach, this industrial park received massive reductions. Pivotal has saved the owners over $2 million in property taxes.