Friday, May 25, 2018

 

PINNACLE TECHNICAL RESOURCES
Unprecedented Signage and Economic Terms

12,263 Rentable Square Feet

 

 

Situation

The headquarters of Pinnacle Technical Resources, a technology company serving the staffing industry ($200 Million in annual sales), was operating in 3 non contiguous suites on two floors. Consolidation, space, and electrical efficiency were imperative to this fast growing company with over 75 employees locally and 2000 employees nationwide. Space efficiency was required for more of a cohesive work environment and team growth, along with relocating to a more centralized location for current and future employees. Increases in aggregate costs were the top concern for this customer desiring a Galleria location at Stemmons economics. Pinnacle wanted to create more of a corporate image that fit the innovation and creativity of their forward thinking employees.

Approach
  • Identified 40 properties from four different submarkets identified by client
  • Consolidated to four finalists
  • Leveraged strong relationships with agents and the property owners
  • Created customized financial modeling to fit the client’s needs
  • Utilized landlord analysis and tenant analysis to help create the most competitive deal
  • Utilized tenant attribute chart customized by OMS and Pinnacle to ensure all needs were met by property
  • Continued to work with client through design and move process to ensure a smooth transition into new space

Results
  • Secured unprecedented economic terms; 25% below market rate

  • Achieved space efficiency through a space planning strategy

  • Signage rights for continued brand equity growth

  • Expansion rights at fixed terms

  • Incorporated diverse “best in class” firms to serve in the completion of the move