Success Stories

Cemex

Houston, Texas
45,000 SF
Cresa Houston, TX
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Client Objectives

  • Disposition of excess existing US Headquarters space of 85,000-132,000 SF
  • New lease for US Headquarters space of 45,000 SF

Challenges to this project included restacking the existing space while operating at normal business levels, locating alternative class "A" space in the same submarket that meets the requirements of an headquarters location and the opportunity to sublease the current lease space quickly to facilitate improved cash flow to the bottom.

 

Cresa Team Members

Results

  • Cresa devised a marketing strategy based on the current market conditions and the overall business goals of the client
  • Cresa identified and engaged a prospect fro the excess space
  • Cresa negotiated a deal with the landlord releasing the client from their current leases in exchange for a new lease in the project.
  • A net savings of approximately $27 million dollars was acheived for the client
  • Space acquisition and relocation was completed in 4 months
  • Client achieved a more collaborative space design with HQ image and competitive lease rates

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