Global software accounting firm
  • Location: Durham, NC
  • Size: 65,412 SF
  • Type of Project: Office

Situation

  • Global accounting software firm sought a unique location in the Triangle.
  • Required over 40,000 sf that met specific corporate culture specifications.
  • After meeting with the client, our team toured several properties and narrowed the selection to three locations.

Challenges

  • Client required over 40,000 square feet and room for future growth, as well as a setting to accomodate a town hall setup and tiki bar for company functions.
  • Client’s budget presented challenges, as well as leveraging size and credit.

Results

  • A location was secured where ownership was excited about the tenancy and willing to offer additional incentives to gain their business.
  • Our team negotiated a fully-furnished temporary space of ±15,000 sf for six months, at no charge – an approximate $250,000 savings to the tenant.
  • American Tobacco Campus, which overlooks the Durham Bulls Athletic Park was the perfect setting for the tiki bar and cookouts. The two–floor location offered stadium seating in a town hall setting.
  • Our team negotiated a higher than market tenant improvement allowance, that equated to an additional 35% of tenant improvement dollars.