Nonprofit, 1776 Eye St NW, Washington, DC

Results

Strategic Planning
Since 2013, Cresa has collaborated with this nonprofit group to develop and implement a proactive real estate strategy. By leveraging market analytics and financial modeling, Cresa identified opportunities to optimize lease terms and accommodate growth while maintaining cost control.

In 2022, Cresa capitalized on favorable market conditions to renegotiate the organization's lease at 1776 Eye Street NW, securing a cost reduction while expanding their office footprint by 15%. The process involved detailed financial analysis, lease forensics, and strategic negotiations to ensure the new terms aligned with both current needs and long-term goals. The newly structured lease reinforced the organization’s presence in a premier Class A office building, offering proximity to members and an environment reflective of the organization's stature.

Results

• Cost Savings & Lease Optimization: Cresa successfully restructured the lease to reduce costs while expanding space by 15%.
  
  
• Strategic Growth Management: Ensured space expansion aligned with operational needs and long-term goals.
  
  
• Prime Location Retention: Maintained a prestigious Class A office near key members and stakeholders.
  
  
• Comprehensive Real Estate Support: Delivered a full range of services to maximize value and efficiency.