This wireless company acquired another company. As a result, the client no longer required much of the space located in the Philadelphia suburbs. The goal was to consolidate three office locations totaling over 250,000 square feet into a single office location of less than 125,000 square feet. The challenge was to complete a full lease consolidation of several locations with inconsistent lease expirations and to manage the construction of and move into the new consolidated location that included a data center and two wireless antenna sites.
All the services required for this project are similar or the same as those required by the client in all regions of the U.S.
UGL Equis leveraged the company’s requirements in the Philadelphia market by identifying five building alternatives. One of the building alternatives was a location leased by the client. The services provided included surveying the market for the available opportunities to identify the competitive range for rates of the various rental components.
UGL Equis completed the market tour with client representatives, developed and issued the solicitations for offers, reviewed and evaluated the offers received, clarified and negotiated each offer with the owner of the building. Following the completion of negotiations, UGL Equis developed evaluation and support documentation to award the lease. In addition to transaction management services, UGL Equis’ Project Services group managed the space programming, selection of architect, budgeting, furniture selection, and move and construction management.
Through this project, UGL Equis was able to achieve the following results:
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