1. November 5, 2013 [CASE STUDY]
[Type text] [Type text]
BGO 505 –Office Relocate
Situation:
SAIA Inc.’s Boise office space was currently at capacity with little to no
room for future growth. This coupled with consistent parking issues
created the need to explore facilities that could accommodate future
growth as well as a parking solution that would allow for the current and
future demand.
Solution:
The Saia business team that was to be relocated was able to assist with
identifying a suitable facility that would allow for both year over year
growth as well as provide the necessary parking requirement required for
their daily needs. The Real Estate team was able to negotiate favorable
lease terms and secure a letter of intent agreement with the owner and
shortly thereafter a fully executed lease agreement. The space easily
provided the teams parking needs and increased their capacity from 83
workstations to 126 ensuring adequate space for years to come.
End Result:
Saia’s real estate team took the lead on developing a space planning
program and secured various contracts with vendors through
competitive bidding measures featuring a value add of almost $70,000
alone by forgoing executing a contract with a furniture vendor who had
previously been identified as a preferred vendor to Saia. Saia was also
able to broker the purchase of their old furniture, which was fully
depreciated, with the awarded furniture vendor for $10,200.00. The Real
Estate team introduced an ongoing strategy of standardization,
identifying finishes as well as signage that reflected SAIA’s culture and
brand. The project was successfully delivered to the SAIA team on
November 2nd
with little disruption to the overall business.
Testimonial
Jesse – these are really impressive ‐‐‐‐ you all have done a great job and I
heard nothing but positive feedback from the Boise move.
Sally Bucholtz – V.P Marketing
Transaction: Brian Ashmore (Director of
Real Estate)
Project Management: Jesse Kelley (Real
Estate Manager)
Location: BGO 505 (1545 11
th
Avenue
North, Nampa, ID
Use: Customer Service and Payment
Processing
Property Statistics:
‐14,169 USF
‐152 guaranteed parking spaces
‐126 work stations, 4 private offices
‐800+ SF Training Room with AV system
‐320 SF Conference Room with AV
Systems
‐Breakroom (52 seats) w/ vending
station vendor
‐Design incorporates Generator backup
with Uninterrupted Power to critical
equipment.
Lease:
‐5 year initial term
‐Includes (2) months of waived rent for
first two months.
‐Lease based on turnkey construction by
Land Lord
‐Includes branding opportunity for
exterior of facility