Objective:
Interwoven (IWOV) engaged Spieker Stratmore Commercial
as its representative for its entire real estate portfolio in order
to achieve the following results:
- Reduce occupancy
costs across the portfolio
- Proactively
approach IWOV’s real estate portfolio needs
-
Provide one local point of contact for nationwide real estate issues
and requirements
Result:
SSC has achieved the following results for IWOV:
- Negotiated
a partial termination of IWOV’s headquarters lease, reducing
IWOV’s obligation by approximately 35%
- Renegotiated
leases around the country, shedding excess square footage and reducing
IWOV’s overall occupancy cost
- Initiated
many renewals up to a year prior to lease expiration, demonstrating
SSC’s forward thinking approach to real estate
- Made necessary
decisions to keep the real estate process moving while keeping the
Company’s best interest at heart
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