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Cresa Office

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Just Energy completed the acquisition of another energy firm and was looking to consolidate that entity into their own existing headquarters.
To accommodate the additional space needed to house the newly acquired firm, Just Energy wanted to expand and extend the term on its then 27,136 SF office space.
The client also sought help on disposing of the acquired company’s previous office space on the sublease market.

Cresa negotiated a renewal on Just Energy’s headquarters which expanded the Galleria space by 19,281 SF and extended the term by 10.5 years, capturing a more tenant favorable rental rate.
Cresa then secured a tenant on the sublease market to take the acquired company’s space in Greenway Plaza which totaled 34,132 SF.
Ultimately, Just Energy was able to consolidate into its current space while maximizing the recovery rate for the then unneeded sublease space.