Customer:
Mead Corporation is one of the leading North American Producers of coated paper, specialty paper, coated paperboard, and school and office supplies. Headquartered in Dayton, Ohio, The Mead Corporation employs more than 16,000 people, and has offices and operations in 32 countries.

Program Challenge:
Mead made a decision to consolidate several facilities at their St. Joseph, Missouri operation. The city of St. Joseph played an important role in the decision by offering Industrial Revenue Bonds as an incentive for Mead to finalize the consolidation decision. Mueller Construction Company, the local Butler Builder®, was asked to look at the project and assist in the construction phase of the building. However, the use of Industrial Revenue Bonds had complicated the financial aspects of the project.

Solution:
Mueller Construction quickly involved Butler Real Estate in the project. As the design and construction plans were prepared, Butler Real Estate went to work on the challenges created by the involvement of the Industrial Revenue Bonds. As a leading single-source, build-to-suit for lease developer, Butler Real Estate was able to put the package together, purchase the land, and get construction underway.

Customer Benefits:
Working within the financial parameters of the Industrial Revenue Bonds, Butler Real Estate assembled a comprehensive financial package that met the customers needs. Mead Corporation was able to consolidate several existing facilities and move into a new, efficient, 389,000 sq. ft. facility.

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