A Strategic Plan to Reduce Real Estate Costs

Success Story for Tim Moresco of Cresa Global, Inc. and Atlanta Allergy & Asthma
Client
  • Atlanta Allergy & Asthma
Space
  • 95,000 sq. ft.
Industry
  • Healthcare
Locations
  • Atlanta
Services Provided
  • Transaction Management
  • Location Strategy & Economic Incentives
Cresa Team
  • Tim Moresco

Client Objectives

  • Increase the efficiency and utilization of each location 
  • Coordinate repairs and upgrades for all locations with little or no capital outlay by Atlanta Allergy 
  • Develop standards to address future facilities 

Results

Together Cresa and Atlanta Allergy achieved significant savings on occupancy costs at their locations. This strategy resulted in an average annual rent reduction in excess of  $25,000 per location and cumulative savings over new lease terms in excess of $2,680,000 for the last twelve locations.

Cresa negotiated Landlord-funded improvements for the last twelve locations totalling over $2,330,000.

Cresa and Atlanta Allergy worked with architects, space plan-ners, and building contractors to develop new office stan-dards, project timelines, cost benchmarking analyses, location analyses and space utilization metrics.

Tim has served my commercial real estate requirements for over 8 years. He has always been “up-to-speed” in the market and has offered an even-handed assessment of the pros and cons for any real estate decision. Tim is always the right person for the job.
Kim Smith  |  Facilities
Atlanta Allergy

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