Client:

  • Prudential Securities Incorporated
    30 South Wacker Drive

Assignment:

  • Consolidate the 3 offices located in Chicago metropolitan area to become more efficient.
  • Become more efficient and reduce over all occupancy costs, while increasing revenue.

Strategy:

  • Create leverage against current landlord with new building developments in the downtown Chicago market.
  • Allow Prudential to take advantage of the needed concessions that a well-capitalized institutional owner can offer.

Benefits Achieved:

  • Reduced total occupancy costs by 26%.
  • No out-of-pocket expenses for relocation or cabling.
  • Termination and contraction rights in the 5th lease year.
  • Eliminated liability on existing leases.