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Cresa Team

Cresa Office

client objectives and results

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Jera Power was in the middle of a long-term lease but required additional space to accommodate expansion.
To meet the growth needs, the client needed to take possession of the additional space immediately to comfortably house newly hired employees.
Jera Power wanted the new space to match its current space in design and function.

Cresa developed multiple alternatives and ran a thorough financially analysis on each option to give the client a clear understanding of how best to proceed.
Ultimately the client decided to rent additional office space on another floor that would be coterminous with their original premises.
Cresa delivered a tenant-favorable outcome despite being a captive tenant, securing a TI package that allowed Jera to build out the new space to meet their specs.
Cresa Project Management worked closely with the landlord and construction team to ensure the space met the client’s needs.