S1

Situation

S1, a high growth technology company, needed to establish a world wide headquarters for 800 employees and required 185,000 square feet.

Location and building must communicate credibility, create a hiring and retention advantage, and accommodate future growth.

Activities

Evaluated cost impact of multiple locations or co-location.

Determined optimal geographic location for employee retention and attraction.

Identified and confirmed operating and technology requirements.

Discovered and accommodated Landlord and preconstruction limitations for a build to suit solution.

Value engineered and utilized design considerations to drive down costs.

Results

Created and implemented "garden space" into project - lowered overall occupancy cost by $3.2 million.

Delivered $7.9 million cost savings by consolidating into one location vs. split occupancy.

Provided lease flexibility through first right of refusal, right to give back 25,000 sf after 5 years with no penalty unamortized costs only, and unrestricted sublease rights.