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Cres Solutions
Cres Cres

Success Stories

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Success Story - Metrostudy


Savings: 26% off of the market rates, no exposure on build-out costs, and a 2-year exit strategy

Issues:

  • Desire to purchase and occupy an office building but they faced a seller's market
  • Leasing required flexibility and an exit strategy to take advantage of the market when it turned
  • A majority of available properties were new construction, which necessitated signing a 5-year lease commitment
Results:
  • Comprehensive search located an older office building that needed a complete interior refurbishment
  • Negotiated a 3-year lease and turnkey build-out, which ended up costing in excess of $20/SF
  • Negotiated a termination option that could be exercised after 24 months of the lease term




"CRES listened to our requirements, negotiated a lease that aligned with our business objectives, and saved us over 20% on real estate costs. We are very pleased with their performance," said Michael S. Castleman, CEO, Metrostudy.

-Michael S. Castleman, CEO
Metrostudy

 
 
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