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Cres Solutions
Cres Cres

Success Stories

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Success Story - Texas Windstorm Insurance Association


Savings: Lowered rent by $2.50 per SF & got the client a $1,400,000.00 TI Allowance.

Issue:

  • Client was located in 3 seperate buildings with 3 different lease expiration dates.
  • They were paying above market rent.
  • LL would not make their lease expiration dates run coterminous, so the existing lease obligations were a challenge.

Results:

  • CRES was successful in lowering their rental rate.
  • Client was able to relocate & consolidate all their operations under one lease expiration.
  • CRES also negotiated a $1,400,000.00 Tenant Improvement allowance.

“Molly Anderson and the team at CRES significantly increased the amount and scope of improvements the Landlord had originally proposed, reducing our out of pocket expenses for build-out.  Their thorough and energetic approach reflected their market knowledge and commitment to their clients.”    

-Van R. Hoisington, President and Chief Investment Officer

 
 
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