Cresa assists Movado in renewing Paramus HQ
- 90,050 sq. ft.
- New Jersey
- Transaction Management
- Project Management
- Dennis Gralla
- Jonathan Marks
- Len Eagle
client objectives and resultsSee more success stories
Consider all relocation options to reduce costs and maximize employee talent .
Consider renewal option w/ NYC style space upgrades and open floor plan tailored to a fashion brand.
Negotiate a deal that meets costs and talent objectives.
Negotiate appropriate work letter allowance and potential safeguards due to future landlord uncertainty.
- Efficiently reduced square footage by +/- 9,000 square feet.
- Secured necessary work-letter for space upgrades.
- Secured legal language protecting the client from landlord transition in a likely sale and ensuring timely and appropriate space changes regardless of the owner.
Negotiated a transaction with significant cost savings and concessions.