Baytex Energy
28,350 sq. ft.
Decommissioning Unneeded Space
Accommodating Rapid Expansion
Client
- Covetrus (Vets First Choice)
- 26,000 sq. ft.
- Life Sciences
Locations
- Houston
Services Provided
- Transaction Management
- Project Management
- Consulting
Cresa Team
- André Granello
Client Objectives
- Covetrus (Vets First Choice) was facing rapid growth and wanted to relocate its Houston office space to accommodate expansion.
- Because of the nature of its business, the client was seeking high-end Class A flex space to house both its executive space as well as a lab component.
- Among the most important factors in choosing a new space would be its impact on employee acquisition and retention and how it could further grow the company’s brand image.
Results
- Cresa identified a target submarket after running a complicated labor analysis to identify an optimal site with access to an large pool of pharmaceutical techs to fuel future growth.
- To help avoid a pricey buildout, Cresa located an existing building that met the client’s space needs while providing instant savings.
- Cresa was also able to negotiate building signage and a healthy TI package on the client’s behalf.
