1320 Air Wing Rd

Results

Cresa was formally engaged in the renewal process 12 months prior to lease expiration. With a tight market and a potential lengthy phased relocation process, Cresa helped the client build a relocation proforma. Though capital markets relationships, Cresa was able to learn an imminent building sale was to occur.

Under the circumstances, Cresa advised the client a quick deal could accomplish significantly lower than market economics and incentives. Cresa executed the strategy by securing six months of free rent, and an offset to a planned solar array project. Cresa led the RFP process to procure a solar provider, secured a 10-year PPA, which investment yielded a payback period of less than two years.