Precision Drilling Corporation
59,569 sq. ft.
Leveraging the Market to Recast a Lease
Establishing a High-End Flex Headquarters
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Client
- NDT Systems & Services
- 58,920 sq. ft.
- Oil and Gas
- Energy
Locations
- Houston
Services Provided
- Transaction Management
- Project Management
Cresa Team
- Steven Heal
- Sue Rogers
Client Objectives
- NDT was located in a secondary submarket with no visibility, poor access and no adjacent amenities.
- The client wanted to relocate into a single tenant building that they could brand, establishing a headquarters at a more prestigious address to better reflect their standing in the marketplace.
- They also sought better freeway access and proximity to amenities to address employee recruiting and retention.
Results
- Cresa defined a market area that provided the greatest opportunity to meet the client's objectives and negotiated an aggressive 10-year lease in a submarket with historically low inventory.
- NDT secured space in a single-tenant flex building, giving the client prominent building signage and great visibility, with plenty of office and warehouse space to meet the company’s current and future needs.
- Cresa ultimately delivered a collaborative, high-end HQ facility reflecting the client’s image and at the same time reduced the company’s overhead.
