Assignment
- Exclusive Representation of client to evaluate alternatives for its headquarters location.
- Take into account the company’s exponential growth during previous three years and balance its existing space needs with future growth requirements.
- Assume lead negotiating position between client, landlord, and legal counsel for all parties.
Objective
- Consolidate headquarters functions into a single location.
- Provide flexibility in lease to increase or reduce space needs during lease term.
- Evaluate all variables, objective and subjective, to implement the most cost effective strategy.
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Results
- Preleased the entire 285,000 square feet building, Five Newport.
- Consolidated functions from four locations to one.
- Terminated leases on unneeded space.
- Maintained flexibility to vary future space needs.
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