Tuesday, December 11, 2018

 

CARDINAL HEALTH
Partnering with National Brokerage firm to execute National Client's Regional Office

Negotiated Lease 12,249 square feet for Cardinal Health Regional Office  

 

Situation

P4 Healthcare, a division of Cardinal Health, selected the DFW Metroplex for their regional headquarters.  P4 would be consolidating and relocating three offices to DFW.  Two of the offices were outside of Texas.  P4 had to determine which part of the Metroplex would accommodate the professional and personal needs of their employees.

Approach 

  • OMS orchestrated a search covering several cities, ultimately leveraging the uptown market in Dallas vs. the Las Colinas market
  • OMS also leveraged the Economic Development Council’s from each city to see if they could help to provide a viable solution for P4
  • OMS created a qualitative compare/contrast template in order to help client make an informed decision on what was important for their Regional headquarters
  • OMS created financial modeling structures to analyze cost of the top three space choices based on negotiations
  • OMS worked within Cardinal Health’s organizational structure and utilized their processes to execute a seamless transaction

Results 

  • Executed above market concessions in the area of free rent, rent per square foot, and tenant improvements