Giffels Associates, Inc.

 "GVA Detroit provided Giffels Associates with a high level of professionalism in our lease renewal. We had to weigh our options of renewing our 100,000 square foot lease, or relocating to another facility in our target area. Notwithstanding the very strong landlord's market, GVA Detroit was able to locate bona fide alternatives, which provided leverage in our renewal negotiations.                  I appreciated its continued involvement throughout the lease negotiation process."

-William E. Harrison
  Vice President, PE
  Giffels Associates Inc.

Challenge:

  • Renegotiate its 100,000 square foot lease, or relocate company to a different facility
  • Obtain below-market lease rates in a landlord's market


Strategic Solution:

  • Simultaneously negotiated lease renewal after locating a bona fide relocation alternative


Client Benefit:

  • Lease renewal achieved at below market rates


Project Team:

Michael Ziecik, Project Manager