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Centrus Energy Corporation
Services Fournis
Client Objectives
In late 2014, publicly traded United States Enrichment Corporation emerged from Chapter 11 bankruptcy and immediately rebranded as Centrus Energy Corp (NYSE: LEU). The company is the leader in the development of advanced uranium fuel for commercial nuclear power plants worldwide.
Two years prior to its lease expiration, Centrus engaged Cresa as its real estate advisor. With the company’s recent re-organization, Centrus’ main objective was to consolidate all of its employees onto a single floor to create more synergy and lower overall costs.
Results
After several months of evaluating relocation options, paying close attention to space efficiencies and economics, Centrus elected to consolidate onto a single floor at 6901 Rockledge Drive, thus relocating to another building within Democracy Center and rightsizing from 47,076 square feet.
Savings: 24%
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