Securing a lower-cost, growth-ready headquarters with creative landlord negotiations
- Atlas Network
- 901 N Glebe, Arlington, VA
- 11,200 sq. ft.
client objectives and results
See more success storiesClient Objectives
Atlas Network – a nonpartisan, nonprofit foundation that supports the development and success of pro-freedom organizations throughout the world – engaged Cresa to evaluate its lease termination option and assess new space options that could better accommodate future growth. The client also sought to realign its occupancy costs with the current market by reducing overall cost per square foot.
Strategic Planning
Cresa team of real estate advisors conducted a market analysis and identified opportunities to improve the client’s real estate position. The team sourced a new landlord willing to cover the client’s existing termination penalty, enabling a seamless exit from the current lease. This strategic move provided immediate financial relief and allowed the client to relocate to a new space that better aligned with its operational needs.
Cresa’s Project Management team played a key role in overseeing the transition and managing the buildout, ensuring the new space was delivered on time and aligned with the client’s needs.
Results
- $13/SF Reduction in Rent: Achieved significant savings compared to previous lease
- Landlord-Funded Termination: Negotiated for new landlord to cover existing lease penalty
- Growth-Ready Space: Identified and secured a location that supports future expansion
- End-to-End Support: Transaction and project management teams ensured a smooth transition