St. Joseph's Health System
27,000 sq. ft.
Cresa represents St. Joseph's Health System in Off-Campus Technology Center
Cresa assists Movado in renewing Paramus HQ
Client
- Movado
- 90,050 sq. ft.
- Office
Locations
- New Jersey
Services Provided
- Transaction Management
- Project Management
Cresa Team
- Dennis Gralla
- Jonathan Marks
- Len Eagle
Client Objectives
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Consider all relocation options to reduce costs and maximize employee talent .
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Consider renewal option w/ NYC style space upgrades and open floor plan tailored to a fashion brand.
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Negotiate a deal that meets costs and talent objectives.
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Negotiate appropriate work letter allowance and potential safeguards due to future landlord uncertainty.
Results
- Efficiently reduced square footage by +/- 9,000 square feet.
- Secured necessary work-letter for space upgrades.
- Secured legal language protecting the client from landlord transition in a likely sale and ensuring timely and appropriate space changes regardless of the owner.
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Negotiated a transaction with significant cost savings and concessions.
