Client:

  • Intrado Inc.
    Lisle, IL

Assignment:

  • Reduce square footage and per sq. foot rental rate prior to 2008 Lease Expiration.
  • Relocate critical systems rooms within premises.
  • Given company’s Dept. of Homeland Security status, maintain low profile image and highly secure facility.
  • Maintain no business interruption throughout facility relocation.

Strategy:

  • Created leverage against current landlord with new building developments in the suburban real estate market.
  • Aggressively leveraged lease renegotiation with current Landlord based on significant loss of building value if tenant relocated.
  • In-house architects develop after-hours construction plan to protect sensitive data & critically secure sites.

Benefits Achieved:

  • Reduced square footage by 21.4%.
  • Reduced per sq. foot rental rate by 31.0%.
  • Obtained above market Tenant improvement allowance.
  • Acquired multiple fixed expansion rights, including Right of First Refusal, Fixed Option & Early Termination Rights.
  • No business interruption during facility relocation.