16,000 sq. ft.
Control Costs, Keep the Culture
A culture of service and 15-years in their Denver-based headquarters left Mercy Housing in a space that was outdated, too small and no longer fit their needs.
They needed a fresh modern workspace to help attract and retain talent and to provide room for future growth. They also wanted to stay near their current location for easy access to public transportation and walkable amenities. But, the single most important requirement was cost. As a non-profit, every expense needed to be carefully weighed so that the maximum amount of money could go straight back to their important mission of providing affordable housing.
After 15 years you can imagine how shabby-chic our space was. We started negotiating with our building and played the field with 15 other buildings in the central business district. They led us to believe they really wanted to work with us. Rick did such a great job at negotiating, that we ended up getting a deal where we saved $2.5 million over the term of the lease.Melissa Clayton | Senior Vice President of Portfolio Management