Government Contractor saves over $2.3M with early lease restructures
- Siemens Government Technologies
- 34,834 sq. ft.
- Secteur public
- Tysons Corner
- Gestion des transactions
- Samuel Heiber
Cresa developed a Strategic Real Estate Plan which uncovered several opportunities available to the organization to significantly reduce overhead costs ahead of lease expiration. Ultimately, Cresa and SGT determined that staying in SGT’s current locations made the most sense for their staff and organizational needs. Cresa negotiated against JBG Smith in securing $1,600,000 in savings and full concessions to renovate space at 2231 Crystal Drive with no out-of-pocket costs.
By rengeotiating its leases early in both Reston and Crystal City, SGT was able to secure approximately $2.3M in savings.