Due to internal growth, AEGON Special Markets Group, a subsidiary of AEGON USA, needed to relocate from a corporate owned facility and into nearby leased space.

Challenge
The challenge was to locate class “A” space including all the amenities of a corporate-owned facility at a competitive rent structure in close proximity to another AEGON USA company.

Services

• Colliers Pinkard contacted all major corporate users in the metropolitan area to discuss potential site availabilities.
• Available office buildings within a twenty mile radius of Baltimore were toured and considered during a one-year process.

Results

• Colliers Pinkard located a long-term sublease available at 20% of the market rate, with an in-building parking garage, employee cafeteria, and 20,000 square feet available for future expansion.
• Colliers Pinkard negotiated a lease for a 250-car parking lot directly adjacent to the building.
• Real estate problems were solved for both AEGON and the subleasor as the building had been available for two years.
• The building was only three blocks from the other AEGON USA company.

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