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manageimage.gif (21822 bytes)Assignment #1

Through growth and acquisitions a National Employment Agency's portfolio resulted in scattered offices over a vast metropolitan area. The client desired to reduce occupancy costs without reducing market saturation.

CRES Solution

CRES developed a simplified process through a study of the clients’ requirements. Through interviewing the executive committee and area managers, along with reviewing their locational and financial requirements, CRES developed a process of "spoke & wheel". This is where all corporate functions were centralized in one highly efficient Headquarters and a network of strategically located sale offices were implemented. Locations that were found to be redundant were terminated or subleased. Thus containing the portfolio's occupancy cost without reducing the clients’ exposure in the market.

 

Assignment #2

A Communication Company's Call Center was located in a office building that did not provide sufficient parking or restroom facilities for its employees. The client required a cost efficient location that incorporated an available employee market.

CRES Solution

CRES surveyed dozens of markets, studied both real estate and labor costs. CRES negotiated a generous incentive package in a municipality that gives tax and payroll concessions to corporations that relocate to their township. The CRES team designed and built a facility to support the clients’ requirements.

 

Assignment #3

An Internet Firm required a facility that provided both flexibility for their growth and the latest technology infrastruction to support their specialized business.

CRES Solution

CRES evaluated the market and through a strategic search located a new building whose infrastructure provided; column free floor plates, enhanced riser availability, 24-hour HVAC, ISD and T-1 lines, fiber optic cabling, generators and above grade electrical capacity. CRES negotiated for their client aggressive lease terms that incorporated a "put-option" on space that deferred rent commencement for 18 months on the option space. Since the Internet Firm was a "start-up" business with no tract record, the reluctance of the landlord to negotiate was overcome by providing the Internet Firm's new contracts, thus increasing the tenant improvement allowance and reducing the funds requested for security.


Corporate Real Estate Solutions
180 North LaSalle Street
Suite 1922
Chicago, IL 60601
TEL: 312.444.9009
FAX: 312.444.9420

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