Design-Build Institute of America
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The Design-Build Institute of America (DBIA) is the foremost association for architectural, engineering, and construction professionals, academics, students, and project owners.
Three years ahead of its lease expiration, DBIA wanted an advisor to help re-imagine the workplace and improve space efficiency while incorporating the organization’s new remote work policy. The group also wanted to secure upgraded conferencing facilities the existing building could not provide.
Cresa’s workplace strategists and transaction managers guided DBIA through a comprehensive planning process to determine the optimal real estate solution. Tasks included:
- Performing an organizational assessment, including determining project goals.
- Developing a Workplace Strategy.
- Performing options analyses and scenario planning to meet project goals.
- Presentation of a Strategic Real Estate Plan to key stakeholders.
Ultimately, DBIA required 42% less space, and we crafted a unique negotiation strategy to secure the best terms.
Our transaction managers then intentionally and deliberately surveyed the market for properties and spaces that met DBIA’s project goals. As DBIA’s advocate, we negotiated with the ownership of 1001 Pennsylvania Avenue, NW, which offered state-of-the-art conference facilities but also an assumption of the approximately $600,000 of remaining liability at the original property.
DBIA now enjoys its upgraded workspace and building facilities along one of the most prestigious corridors in DC while saving $476,841 in annual costs.