Baytex Energy
28,350 sq. ft.
Decommissioning Unneeded Space
Managing Growth With Flexibility
Client
- Lotte
- 22,000 sq. ft.
- Oil and Gas
- Energy
- Engineering
Locations
- Houston
Services Provided
- Transaction Management
- Project Management
- Consulting
Cresa Team
- Gary Lawless, Jr.
Client Objectives
- Lotte was interested in establishing a North American HQ fitting a fast growing, multi-national engineering firm in a top-tier building in a tight market.
- In addition, Lotte needed to develop a strategic real estate plan to accommodate significant growth related to upcoming projects.
- The client needed an advisor who could provide program management for each new facility as they were brought online.
Results
- Cresa secured space in the thriving Energy Corridor to help attract and retain talent, negotiating a tenant friendly deal that would accommodate long-term growth.
- Cresa also executed a strategic real estate plan to help find project space under short-term commitments which created added flexibility as needed.
- Cresa Project Management also provided full-scope construction management, FF&E procurement and workplace strategy to keep projects under budget and on time as scheduled.
