Corporate Services: Corporate Real Estate Consolidation

case study 1

The Issue

A Fortune 500, multi-national financial services firm decided to consolidate related enterprises into a regional East Coast operations and headquarters facility. SCRE was hired to help manage the consolidation.

The Process

SCRE first conducted a demographic survey of a diverse employee group that lived in three neighboring states. Ease of access via public and private transportation was a key requirement. Once an appropriate location was identified, SCRE along with the company and its other professionals, structured municipal tax benefits, and lease terms with a major REIT. This, in turn, facilitated the construction of a 575,000 square foot office tower. During lease negotiations, SCRE assisted the client with items such as the MEP design to accommodate various uses ranging from trading, computer, executive office, support services, cafeteria and major back-up services.

The Solution

Within 36 months of conception, a first class, 17-story office building was constructed for the tenant’s use and enjoyment.