Conair leases complex to Firestone Costa Rica in $13 million deal

Binswanger Negotiated a $13 Million lease on behalf of Conair to Bridgestone/Firestone Subsidiary in Costa Rica

Monday, August 11, 2008

On behalf of its client, Conair Corporation, Binswanger announced the execution of a long-term lease (with two five-year renewal options) of a 221,000 sq. ft. (20,530 sq. m.), two-building complex in Turrialba, Costa Rica, to Firestone Industrial Products de Costa Rica S.A.--a subsidiary of BFS Diversified Products, LLC.

More on this topic

"Leasing" Scheme Proposed in Costa Rica

May 2013

A project by the Chamber of Construction proposes the creation of a residential lease that would allow home purchases without payment of a deposit.

"Currently the project is in the hands of the Ministry of Housing so that they can review and assess it and it is also being studied by a committee in the Chamber of Construction which includes the financial sector," noted an article in Elfinancierocr.com.

Leasing Growing in Guatemala

January 2013

Investment in leasing or lease-purchases totals $254 million and growing.

According to Mirella Juarez, president of the Association of Leasing Companies, the growth of the service is significant despite a lack of awareness in the country about the subject.

"Leasing consists of renting movable goods such as vehicles or immovable goods, such as homes, by a specialized company.

Firestone Opens Costa Rican Plant

April 2009

With an initial investment of $ 8million and another $6 million planned to be added, Firestone will manufacture air springs for export to the US.

The new Firestone Industrial Products installation will provide over 100 jobs in the Turrialba area. This Costa Rican plant joins six other air spring production facilities strategically located around the world.

Firestone to open parts factory in Costa Rica

May 2008

US-based Firestone is to open a factory in Turrialba, Costa Rica, to make parts for suspensions. The company is seeking an initial workforce of 100.

"Demand for suspensions is growing in the developing world, and this fits into our plans to boost our global presence," said Firestone president Mike Cero.

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