A manufacturing company with over 60,000 square feet of space needed to expand to accommodate over 200 new engineering employees. To do so in a cost effective way, they developed an expansion strategy within their existing building footprint to preserve future flexibility. This co-terminus expansion approach provided cost avoidance equal to $5 million through a reduced lease rate, shorter lease term, and increased tenant improvement package.

1. Client: Manufacturing Company 60,000+ s.f. | Expansion
• Challenge: Developed expansion strategy to accommodate 200+ new engineering
employees, while preserving future flexibility
• Solution: Co-terminus expansion providing cost avoidance equal to +/-$5.0M
(Face rate reduction, term reduction, & increased improvement package)
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ORIGINAL
ORIGINAL
EXPANSION
EXPANSION
ORIGINAL