Making a difference for Pressley Ridge | Commercial Tenant Representation Pittsburgh by Carrie S. Holstead Real Estate Consultants, Inc.

Multiple Markets

Carrie resolved our corporate real estate needs professionally and cost effectively. Her market knowledge, tenacity, objective advice and negotiating acumen was tremendously beneficial to our organization, as was her assembling the best in class team to design efficient space and stretch our construction dollars. We look forward to working with Carrie again.
Douglas A. Mullins, CPA, Chief Financial Officer Pressley Ridge

Pressley Ridge

Objective Tenant Representation Services

Challenge

Pressley Ridge is a nonprofit organization established in 1832 in Pennsylvania. Today, they provide services in Education, Treatment Foster Care, Residential, and Community-based programs to over 6,000 children, adults and families annually in six states and have a budget in excess of $80 million. After initially turning to Carrie to provide a strategic corporate real estate solution for its administrative headquarters in Pittsburgh, Pressley Ridge turned to Carrie to identify and implement strategic corporate real estate solutions in multiple states.

Action

Carrie worked with the chief financial officer and local directors to identify Pressley Ridge's office needs in multiple markets and then developed and implemented strategic and customized corporate real estate solutions for its portfolio of office leases as a conflict-free advocate for Pressley Ridge, including renewals, relocations and dispositions.

Results

Cost savings up to 20% for 146,000 SF of office space solutions in multiple markets
Early renewals reduced cost & locked in lower rental rates
Tenant improvement allowances
Updated base years for operating & tax expenses
Flexibility to expand
Termination options
Renewal options