Corporate Real Estate Services

Real Estate Issues:

• Needed to reduce occupancy costs due to declining/stagnant earnings
• No real estate strategy that tied into their corporate strategy
• Facilities were in decline at a time when they were trying to hold the line on expenses

Key Activities:

• Created detailed data base of properties with key metrics
• Developed a real estate strategy that supported the corporate strategy
• Reviewed all real estate processes to improve services delivery and lower costs
• Developed consolidation and disposition strategies
• Streamlined processes, competitively bid vendor contracts and created preventative maintenance plans
• Conducted property tax appeals

Value Delivered:

• Reduced occupancy costs by 23% in the first year
• Reduced occupancy costs by $4.2 million over 5 years