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$22.5M Client Savings

A Corporate Real Estate case study.

 
Client Success

Overview

Our client agreed to a 15-year lease term for a 350K square-foot building, which was in a key location for their business. During the build-to-suit lease negotiations, we introduced and negotiated a one-time right to reduce the premises by 100K square feet, without penalty, in year 10 of the lease term, even though such a right seemed unnecessary at that time. When business needs changed and the right was exercised, this saved the client a total of $22.5M ($4.5M each year for 5 years).

Our Difference

Markets change. Strategies and operations adjust. And what seems solid today might turn out to be more temporary than planned. That’s why our experienced team negotiates the best deal today, with an eye for unexpected changes throughout the life of the lease…in this case, a $22.5M protection our team was able to identify due to extensive experience, unique expertise and a thorough exploration of the contract details.

Our ability to consistently partner with you and maximize your savings is exhibited by our extensive list of long-standing clients across the nation. Our approach is well-established and uniform across the firm, so every attorney has your business interests at heart. Several on our team come from a background of working as in-house counsel in major corporations, which gives us a unique understanding of the budget and time constraints you’re up against.

Many of our clients have partnered with us for decades, due to our forward-thinking approach, thorough work product and level of client service that is informed by today’s world. Ask Melissa or any attorney on our Corporate Real Estate team how we can help your portfolio bring strategic value to your company’s bottom line.

Professional:

 

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