Cresa guides the client through a long real estate process to obtain headquarters
116,227 sq. ft.
Panera needed assistance in identifying and securing space in secondary locations to accommodate its continual growth
Cresa was able to negotiate multiple expansions, however Panera realized the need to merge all of its corporate functions in one building
Panera gave Cresa the task of identifying a building that offered greater efficiency and future flexibility
Panera needed help defining its needs, including space and location parameters, image and cultural issues and parking density and stay within a targeted occupancy budget
After an extensive search, competitive RFP process and in depth financial analysis, Cresa was able to identify a building to meet all of Panera’s criteria
To further challenge the project, the entire building was under sublease – Cresa approached the Prime Landlord about an early lease termination with the existing lease in order to meet Panera’s targeted occupancy
After intensive tri-party negotiations with the Landlord and Sublandlord, Panera was able to enter into a 132-month lease
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