Cresa Builds Success with Best Practices in Lease Administration

Client
  • Client Global Manufacturer of Medical Devices
Space
  • 13,650 sq. ft.
Industry
Services Provided

client objectives and results

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Client Objectives

The company required an updated and customized database to more efficiently leverage existing database technology, track additional clauses and dates with option template for a more consistent, abstracted data and management reporting.

Results

  • Cresa pinpointed database errors and provided recommendations to tailor database structure to more accurately capture detail with greater uniformity of content.
  • Missing documents were identified and a consistent process for abstracting the data was established.
  • Improved processes and procedures implemented increased control over lease compliance and regulations.
  • Accurate and quality data and comprehensive monthly reports ensured risk mitigation of missed options and critical dates.
  • The company is able to utilize lease data for strategic portfolio planning.
We wanted an office that mirrored our reputation: distinguished, professional and high-quality. From the beginning, Cresa understood our business objectives and what we wanted to achieve. Thanks to them we’ve achieved a substantial increase in the space at our site and are well on our way to buying our future home