Corporate Services Results

Detailed Plan created for each individual assignment. PRG RESULTS
Build-to-Suit/Development – This strategy fits with those companies that have large and/or special use project requirements, i.e. headquarters relocation, manufacturing, etc. Each company has its own views regarding owning or teasing in this situation. For one Banking Services client, we were able to coordinate the development of a new 250,000 square foot, two building campus and headquarters in Richardson, Texas. This lease project resulted in over $7 million in savings versus comparable market leases. An additional $3.8 million was saved through the termination of a current office lease.
Account Management – Companies with multiple locations often desire a strategic partner that can manage activities consistently while working within corporate guidelines. It is important to have the freedom to use "best-in-class" local resources in each market rather than being forced to use a certain firm. For a National Auto Insurance Provider based in Ohio, we have managed activities on a regional basis according to strict parameters established by PRG. This relationship has resulted in more efficient transactions as well as new and effective methods of reporting to the business units.
Corporate Consulting – Corporate Real Estate Directors are often seeking methods to enhance their service to business units. This issue can be addressed in multiple ways, such as matching a real estate strategy to each of the business units' critical factors. The implementation of the strategy needs to be tracked and results reported. A National Beverage Distribution client, based in Kentucky, needed to make their delivery to end-users more efficient. We were able to implement a real estate strategy that included the analysis of location relative to travel time and delivery costs, as well the conversion of owned properties to leases. The results were higher productivity and lower overall costs.
International Assignments – It is extremely important to have experienced representation and "best-in-class" local resources for international projects. Large brokerage companies are often bound by policy to use certain agents regardless of their quality or experience. For the data center division of a Major Telecommunications Company based in Kansas, we were able to identify and obtain facilities in Europe and Asia that best fit company standards and timelines.
Real Estate Investments, Capital Funding and Other Financing Matters – Companies with real estate financing Issues need to be able to rely on representation with real, substantial working relationships in the investment and banking Industries. A National Health Insurance Company, based in Texas, required a new headquarters facility that reflected an emerging identity and stature within the industry. We were able to finance the construction of a new 120,000 square foot office building on terms more favorable than those offered by the client's own banking sources. The value of the new development was incorporated into a long term, off-balance sheet structure that resulted in $0.00 equity costs.
Large-Scale Projects – These types of assignments are extremely important to the company, mainly due to costs involved. The project needs to be expertly managed with the ability to maintain complete confidentiality. For this Food and Beverage Producer based in Kansas, we were asked to coordinate a project in which the headquarters, and thousands of employees, were relocated to the Dallas, Texas area. The president of the company required strict confidentiality to the point that only he was involved in the process, as well as rapid results. The president's requests were honored, and the new 321,000 square foot facility was sourced within 60 days.
Planning for Fast Growth – Companies with multiple-market expansion plans need a strategic partner that can be fast and flexible enough to meet implementation timelines. For a growing E-Commerce company based in California, we were able to prove effective reductions in the square footage allocated per employee. We were also able to document increased revenues by getting company engineers set up in markets prior to allotted deadlines, therefore allowing for a greater amount of billed hours.