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Client

Movado

Space

90,050 sq. ft.

Industry

Office

Services Provided

Cresa Team

Cresa Office

New Jersey

client objectives and results

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Client Objectives

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.

Results

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.