Precision Drilling Corporation
59,569 sq. ft.
Leveraging the Market to Recast a Lease
Software Company Lands Cutting Edge Home
Client
- NetIQ
- 55,380 sq. ft.
- Technology
Locations
- Houston
Services Provided
- Transaction Management
- Project Management
Cresa Team
- Gary Lawless, Jr.
- David Price
Client Objectives
- A global enterprise software company, NetIQ was seeking to relocate its headquarters to help further establish its brand on a tight timeline.
- As part of the move, NetIQ needed to move a large data center with no downtime to limit client disruption.
- NetIQ also wanted to create a high-end, cutting edge office space that would reinvigorate employees as well as help attract the best talent in the industry.
Results
- Cresa was engaged and highlighted multiple opportunities before identifying an optimal space in the prestigious Galleria / West Loop submarket.
- Cresa negotiated a lease for the top three floors in an office tower, securing multiple signage options and an aggressive concessions package.
- Cresa Project Management oversaw construction of the space and kept the project on time and under budget meeting the client’s tight deadline.
- In all, Cresa helped deliver a cutting-edge headquarters while creating millions in savings for the client.
