Few situations better demonstrate the value and quality of the vast Equity Office portfolio than the interrelated series of 1998 transactions that involved seven customers and six buildings in downtown Chicago.
Some customers needed less space, while others needed additional square footage or space in a quality, but less expensive, building.
Working together, the downtown leasing staff used six buildings to devise a complex series of solutions, made possible by the company's 6.7-million-square-foot downtown Chicago portfolio, that met all customer needs. More than 110,000 square feet of space was involved.
Customers, such as fast-growing Metamor Technologies, were delighted. The computer and software services firm was able to expand its space on multiple floors at One North Franklin.
"Our office is an important recruiting and retention tool," says Steve Isaacson, Metamor's chief operating officer. "This is a Class A building with Class A services, just blocks from important transportation links. This has been a great experience and a great partnership with Equity Office."
The experience has been a good one for Equity Office as well. The complex shuffle of customers freed up space for a new tenant, minimized downtime and resulted in a net increase in rent. |