Case Study: Early headquarters expansion & relocation to iconic complex

Pittsburgh PA

I can’t say enough about working with Carrie Holstead. She is hands-down the best tenant representative I’ve ever worked with. She is determined, savvy and creative in her solutions. And most of all, she’s a pleasure to be around. I’ve worked with Carrie exclusively for the past ten years to handle lease negotiations and each time she has exceeded my expectations.

Lindsay Zaltman, Managing Director Olson Zaltman & Associates

Olson Zaltman & Associates

Objective tenant representation services

Challenge

Olson Zaltman & Associates (OZA) is a pioneer in the use of mind science to unlock the hidden power of the unconscious, helping marketers understand consumer beliefs, behaviors, and decision-making. Clients include Bank of America, Cartier, Chevron, Harley Davidson, Microsoft, Pfizer, PNC, Wells Fargo and others. OZA turned to Carrie more than three years prior to its current lease expiration to provide a corporate real estate solution for doubling the size of its headquarters.

Action

Carrie initially explored the viability of expanding into the adjacent floor of OZA’s current building by creating an integral stairwell. When essential terms at this building could not be agreed, she explored all viable relocation alternatives and after leveraging the market so that landlords competed for OZA’s occupancy, she successfully negotiated attractive business terms and protections at an iconic building, including free rent to help offset the remaining lease obligation at the current building, capital from the landlord for the architectural and project management team Carrie assembled to create one of the coolest offices in Pittsburgh, all in space efficiently situated on one floor and located in a building that will help OZA retain and attract top talent.

Results

  • Attractive base rent & protections for multi-million dollar lease
  • $65/SF capital from landlord for tenant improvements
  • Substantial free rent
  • Parking spaces in building
  • Expansion option
  • Extension option
  • Olson Zaltman & Associates has enlisted Carrie to provide corporate real estate solutions totaling some 21,000 SF

 

See More Case Studies

Get Results for Your Business

For more information, contact Carrie S. Holstead at

+1 (412) 255- 3737
carrie@carrieholstead.com

Contact Carrie Today and Get Results