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Case Study

New York State Society of CPAS

Situation / Process
The Society had occupied office space on two floors at 3 Park Avenue for nearly 20 years.
The space was aging and no longer accommodated the way the Society delivered services to its members, and the organization was looking to improve
occupancy costs.
 
The JLL team evaluated stay vs. move and lease vs. purchase in various submarkets in Manhattan from both a financial and operational perspective.
 
The strategic plan demonstrated that the best financial option was to move to a Downtown location. The analysis helped to demonstrate that the move would have minimal impact on operations.
 
Results
JLL negotiated a lease at 14 Wall Street that included a full build-out by the landlord, reduced the organization’s footprint by 25% and maintained a location convenient to public transportation.
JLL is managing the entire build-out process including construction oversight and procurement of F,F and E.

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