EDS

Situation

Assessed the feasibility of a consolidation of (2) two EDS office locations consisting of 87,324 rsf and three leases.

Key objective was to deliver a Regional Headquarters that created presence and visibility.

Activities

Assessed current operations, business forecasts, and client objectives.

Two submarkets were analyzed considering client locations and employee commute times as well as building terms, conditions, and nearby amenities.

Created market leverage by considering alternatives in two submarkets.

Negotiated an agreement to become the lead tenant in a speculative new building.

Results

EDS was able to consolidate all desired operations into a flagship new building providing superior design efficiency resulting in approximately 14% less space required than the status quo situation.

EDS achieved 12 months of free rent and a generous Tenant Improvement Allowance resulting in $3.6 million in pre-tax savings over 8 years.

An array of lease flexibilities were built into the lease including sublease provisions, expansion options, a contraction rights, renewal renewal rights.

Exclusive building signage, secondary rooftop signage on another building and prominent monument signage were obtained.