Real Estate Strategy and Implementation for Major Community Credit Union

Success Story by Tom Tindall, Brooks Morris, Mike Loy, and Jason Jones of Cresa Global Inc.
Client
  • LGE Community Credit Union
Space
  • 60,000 sq. ft.
Industry
  • Financial Services
Locations
  • Atlanta
Services Provided
  • Transaction Management
  • Project Management
  • C3: Communications Connectivity Cloud
Cresa Team
  • Brooks Morris
  • Tom Tindall
  • Mike Loy
  • Jason Jones

Client Objectives

  • Strategic Planning: Identify and analyze scenarios for corporate headquarters, comparing “Lease vs. Own” from a qualitative and quantitative perspective.
  • Determine highest and best use for corporate headquarter asset.
  • Determine highest and best location and facility for headquarter relocation.
  • Create strategic plan for Branch facilities.
  • Create strategic plan for corporate Technology and Communication functionality and providers.
  • Client determined goal was to create a Sale Leaseback transaction.

Results

  • Sale Leaseback/disposition: Strategies and Implementation. (Goal)
  • Disposition of Corporate HQ at above-market price. (Final Outcome)
  • Strategy and implementation of corporate relocation, using Transaction Management and Project Management, incorporating space utilization programming and negotiating skillsets. (Final Outcome)
  • Relocated data center to hybrid colocation facility and cloud computing environment using Cresa C3's Service Line. 

 

LGE Community Credit Union
LGE

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