EYA’s relationship with Cresa began over two years prior to EYA’s pending lease expiration. As a company with projects throughout the greater Washington, DC area (Maryland, Virginia and the District of Columbia), EYA was very interested in up-and-coming, developing sites throughout the metropolitan area. Before their current location, EYA had been headquartered in Arlington, VA, so they were open-minded when it came to geography. From the beginning, one of the most important drivers for EYA was where should they be to keep their existing employees and continue to be able to recruit the best emerging talent in the area. With numerous mixed-use projects underway with the growth of the economy, a number of geographic locations presented themselves to EYA in addition to remaining in downtown Bethesda.
EYA utilized Cresa’s integrated services, including transaction services, lease forensics, workplace strategy, and project management. After very seriously considering a new project in Rockville, MD, Cresa renegotiated EYA’s existing lease at 4800 Hampden Lane. The location provides EYA with walking-distance accessibility to numerous restaurants, public transportation and associated amenities that come with being centrally located in downtown Bethesda. Additionally, Cresa was able to capture 7% savings exactly one year early, as well as attain almost one full year in rental abatement and over $1,000,000 in tenant improvement dollars to upgrade their internal work environment to current standards.
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