Assignment:
Acquire 30% additional space.Relocate to a new building to improve work environment and revitalize culture.Design new layouts that can improve efficiency and have more flexibility for future growth to be contiguousMaintain no business interruption throughout real estate process.
Strategy:
Used Tenants existing out-of-state facilities as relocation alternatives.Completed an exhaustive search of all potential direct, sublease and build-to-suit opportunities in the East/West suburban office market.Establish critical decision dates.

Benefits Achieved:
Expanded square footage by 34% and reduce per square foot rent costs 46%Obtained total concession package of $2.3M.Acquired expansion rights, including Right of First Refusal and Early Termination Rights.Only Tenant in complex with Lobby Signage and designated Visitor Parking.