Optimizing a Corporate Real Estate Portfolio Through Collaboration, Partnership and Value-Added Expertise

Client
  • Regional/Publicly Traded Bank
Space
  • sq. ft.
Industry Download
Services Provided
Cresa Team Cresa Office

client objectives and results

See more success stories

Client Objectives

  • Consider the collaboration and cross-pollination of a unique partnership enabling the internal CRE team to function as a world class organization, based upon a strategic vision with laser-focused tactical implementation
  • Consider an aligned partner that will provide complimentary resources, expertise and tools to help elevate the internal CRE organization, so that it, too, can be a strategic partner with its business leaders
  • Evaluate the CRE portfolio to identify optimization, consolidation and other strategic real estate opportunities to produce savings and future expense mitigation

Results

  • Dispositions: partnership negotiated the disposal of +/- 30 underutilized assets within the first 9 months of engagement, providing capital back into the organization
  • Transactions: Actively working on +/- 45 projects, including renewals, expansions, consolidations, disposals and new locations within the portfolio
  • Ongoing alignment of the entire RE portfolio
  • Real Estate expense mitigation and saving opportunities for the client 

We wanted to pursue a unique partnership that would provide world class CRE delivery and solutions for our organization, and Cresa has been an instrumental member to that partnership. We wanted a strategic partnership that that mirrored our reputation: distinguished, unique, creative, professional and high-quality. From the beginning, Cresa understood our business objectives and what we wanted to achieve. Thanks to the team, we’ve achieved a substantial portfolio optimization plan and are well on our way to ensuring that the portfolio adequately complements our business objectives. -- Michael Salas, Real Estate & Facilities Director

Related

Success Stories

See all
  • Power Northwest location

    Power Northwest

    Cresa Portland helps Power Northwest consolidate their separate office and warehouse space into one location

    6,733 sq. ft.

  • Papa Murphy's New HQ

    Papa Murphy's

    How Papa Murphy’s Partnered with Cresa to Optimize its Headquarters

    17,987 sq. ft.

  • Nossa Familia Coffee

    Nossa Familia

    Cresa Guides the NFC Team through the Portland Real Estate Waters, Identifying and Negotiating a New HQ and 3 New Cafes in 12-month Period