Square Enix

Client
  • Square Enix
Space
  • 40,000 sq. ft.
Industry
  • Technology
Locations
  • Los Angeles
Services Provided
  • Transaction Management
Cresa Team
  • Sean Westgate
  • Greg Lovett

Client Objectives

Square Enix develops, publishes and markets interactive games in North America. The company had resided in their existing space for over 12 years. Their space was old and not efficiently configured for future growth needs and to retain and recruit top talent. They wanted to explore all options to renew or relocate with a focus on a solution that would provide a minimal capital expenditure cost to the company. They hired Cresa based on our relevant experience with turn-key and low CapEx solution for two other gaming companies.

Results

Cresa was able to negotiate an aggressive and favorable lease amendment for Square Enix to stay in its existing location. The structure of the deal negotiated for a long-term lease with an improvement allowance and the ability to convert all free rent into additional TI dollars. The deal enabled Square Enix to completely reconfigure their space with new construction, furniture, IT and office equipment. Cresa negotiated an aggressive renewal rate, procured additional parking, and activated the exterior balconies that the tenant was unable to utilize in prior years.
In the end, they negotiated over 35 different issues for us with our current property owner, saved us significant time and money, and delivered on all the promises.
Liz Sigala  |  Head of Administration & Facilities
Square Enix, Inc.

Have a problem with no real solution?

Contact Us