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Case Study



  • Had too much space - needed to reduce footprint by 18%
  • Wanted to lock in 2012 market terms for late 2013 lease expiration in rapidly appreciating market
  • Increase space efficiency while reducing occupancy costs
  • Lack of full-floor Class A office options to satisfy all of Vistage's requirements for relocation
  • High relocation costs (heavy IT infrastructure)


  • Convinced existing landlord (American Assets) that relocation was a viable alternative, which caused landlord to offer below market terms
  • Mitigated substantial relocation cost
  • Retained prominent building-top corporate signage
  • Negotiated return of $83,000 security deposit
  • Obtained below-market lease renewal terms
  • 2014 Base Year will result in reduction of operating expense pass-throughs

JLL Contact

Steve Holland
Managing Director
+1 858 410 6333

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