Fortune 500 telecommunication company needed a corporate real estate service provider to manage a 1.5+ million square foot real estate portfolio.
The real estate portfolio included offices, data centers, technical sites, towers, land sites, service centers, and call center facilities.
Needed to reduce real estate costs across the portfolio through restructuring, rightsizing, and disposition.
The Solution
Negotiate all new and renewing office locations including corporate, sales, operations, and parts warehouse.
Negotiate all material network and data center leases, including switch sites, colocation spaces, and license agreements. Consistently achieved cost savings of 12%-30+% across all locations, including completing 250+ mission-critical facilities.
The Result
Completed projects in over 250 submarkets nationwide, generating negotiated cost savings of 17%-35%+.
Integration of over 20 mergers and acquisitions, including developing consolidation scenarios due to overlapping markets for each new acquisition.
Assisted with the $3 billion sale-leaseback and spin-off of certain telecommunications assets to a new separately-owned REIT.
Implemented new sales office standard layouts that cut overall space sizes from 4,500 square feet to 2,750 square feet.
