The law firm of Whiteford, Taylor & Preston, L.L.P. was 18 years into their headquarters lease and required growth options, the refurbishment of dated space finishes, higher space/efficiency ratio, creation of more centralized conference areas, and greater headquarters visibility.

Challenge
Colliers Pinkard faced the challenge of securing plausible options for Whiteford, Taylor & Preston’s large, multi-floored office lease that was nearly three years prior to expiration.

Services

• Colliers Pinkard evaluated the current market place and analyzed the existing lease contract.
• Ownership was contacted and future expansion options were discussed.
• Colliers Pinkard strategized with the client on options for greater firm visibility.

Results

• Rent was lowered by 10-15% over what the tenant was paying at the time of initial building occupancy.
• Expansion space was secured in the top floors of the building.
• The floor plan was redesigned for greater space efficiencies.
• Exterior signage and identity on the building was negotiated.

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