Accommodating Rapid Expansion

Client
  • Covetrus (Vets First Choice)
Space
  • 26,000 sq. ft.
Industry
  • Life Sciences
Locations
  • Houston
Services Provided
  • Transaction Management
  • Project Management
  • Consulting
  • Location Strategy & Economic Incentives
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.

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