OFFICE

 

Consolidation of two law firm offices – 34,000 RSF

  • Paradigm provided an strategic plan & space analysis for firm which highlighted existing space inefficiency in firm's larger office
  • Recommended a real estate strategy focusing on space utilization, standardization of offices and eventual consolidation depending upon costs savings
  • Utilization and consolidation reduced the firm's space needs by over 32.5%
  • Saved firm over $1.5MM in NPV and over $300,000 in annual savings
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Confidential merger of law firms – 24,000 RSF

  • Merger firm was initially dealing direct w/ Landlord to secure a deal quietly
  • Paradigm hired due to Landlord refusing to offer market rental rates and concessions
  • In 40 days, Paradigm negotiated $400,000 in net present value (NPV) savings from Landlord's best offer to firm 

 

Service Office Renewal – 5,000 RSF

  • Office needed some early renovation work to accommodate growing staff requirements
  • Paradigm brought in to secure an early renewal to fund renovation as well as take advantage of market conditions
  • New deal paid for renovation as well as savings the firm over $115,000 over the five (5) year renewal vs. existing deal

 

 

 INDUSTRIAL


Food Manufacturer & Distributor - 500,000 RSF

  • Paradigm retained after providing strategic plan and market analysis for firm
  • Subsequent space analysis highlighted existing space and operational inefficiencies
  • Market conditions were oscillating so time was of the essence to secure existing market concessions
  • Recommended a real estate strategy focusing on relocation to 32' clear, cross dock facility with ample trailer parking
  • New warehouse allowed company to meet stricter safety standards which resulted in a decline in worker's compensation related incidents
  • Utilization and operational efficiencies reduced the firm's space needs by over 24.9%
  • Saved firm over $2.6MM in NPV and over $1,300,000 in first 12 months of the lease

 

Product Distributor – 50,000 RSF

  • Existing Landlord had not been caring for property and was not willing to provide market deal
  • Paradigm brought in to evaluate firm's options, review space needs and secure market deal
  • Firm relocated to newer stand alone facility with upgraded offices, warehouse space & lighting as well as dock equipment
  • New deal paid for all building renovations, secured significant rent concessions and locked savings through a long term lease