Success Story-ALKU Cresa

Client

Locations

Services Provided

Cresa Team

Space

Cresa Office

Industry

client objectives and results

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Engaged Cresa to assess real estate strategies to accommodate a planned expansion of up to 200 employees.
Strong preference to remain in the Andover area, where ALKU's employees and guests have access to on-site amenities as well as nearby restaurants, hotels, and retail services.

Cresa led a targeted search and space analysis to determine that staying within the complex offered the best experience for ALKU employees.
The team secured a 10-year relocation/expansion within the park at rates well below market. The Cresa team was also able to negotiate additional tenant improvement value, building façade signage, and further expansion rights in the future.
Location offers easy access to Interstates 93 and 95, abundant parking, and a rich suite of amenities including a full-service cafeteria, private meeting spaces, convenience store, exercise facility, day care center, outdoor space and on-site management.
As part of a longtime partnership, Cresa has negotiated multiple expansions within the park on behalf of ALKU, helping them grow from 8,000 SF to 75,000 SF. In addition, Cresa has assisted ALKU on numerous expansions/relocations in six locations across the country.