Strategic real estate planning reveals sale and relocation as the preferred option
- American Coatings Association
- 17,498 sq. ft.
- Washington DC
- Tysons Corner
- Transaction Management
- Project Management
- Christie Minch
- Mindy Saffer
client objectives and resultsSee more success stories
Client ObjectivesCresa was retained by American Coatings Association (ACA). ACA owned a 19,500 rentable square foot property in Washington, DC. Cresa was hired to prepare a full Strategic Real Estate Plan to understand the costs associated with upgrading the building to meet today’s technological, operational and design standards. Because the ACA owned the property since 1939, the board and staff were emotionally connected to the building and its history.
Through the development of project goals and space programming, it became apparent ACA had grown out of the property—and the cost associated with retro-fitting was prohibitive. The board ultimately decided that, for a certain price, they would sell and relocate versus renovate.