Corporate Solutions Archives - Lee & Associates https://www.lee-associates.com/category/case-studies/corporate-solutions/ LOCAL EXPERTISE. NATIONAL REACH. WORLD CLASS. Fri, 10 Mar 2023 17:09:32 +0000 en-US hourly 1 https://www.lee-associates.com/wp-content/uploads/2017/03/cropped-icon-32x32.png Corporate Solutions Archives - Lee & Associates https://www.lee-associates.com/category/case-studies/corporate-solutions/ 32 32 Balfour Beatty Develops Corporate Real Estate Strategy For U.S. Portfolio https://www.lee-associates.com/case-studies/balfour-beatty-develops-corporate-real-estate-strategy-for-u-s-portfolio/ Tue, 10 Mar 2020 00:31:28 +0000 https://www.lee-associates.com/?p=12911 For more information regarding this case study, please contact: JOHN DECOUTO, CCIM, MCR.H D  (404) 442-2822 Email // Resume   The Client Balfour Beatty is an industry-leading provider in the U.S. of general contracting, at-risk construction management and design-build services for public and private sector clients across the nation. Performing heavy civil and vertical construction, our teams build the unique structures and infrastructure that play an important role in how people live, work, learn and...

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For more information regarding this case study, please contact:

JOHN DECOUTO, CCIM, MCR.H

D  (404) 442-2822
Email // Resume

 

The Client

Balfour Beatty is an industry-leading provider in the U.S. of general contracting, at-risk construction management and design-build services for public and private sector clients across the nation. Performing heavy civil and vertical construction, our teams build the unique structures and infrastructure that play an important role in how people live, work, learn and play in our communities. Our teammates have an instinctive passion to innovate that is fueled by a relentless curiosity, a drive to employ Lean practices and processes and the determination to find a better way. Consistently ranked among the nation’s largest building contractors, by Engineering News-Record, our U.S. business is a subsidiary of London-based Balfour Beatty plc.

The Challenge

Before engaging our team, Balfour Beatty U.S. made corporate real estate decisions on a local level without any overall portfolio management. Consequentially, there was no consistency in space standards, utilization, or cost control. As a result, the average occupancy ratio of their U.S. portfolio exceeded 350 SF per person. Our team was challenged to work with their International Property Director to move from a decentralized to centralized real estate structure. The assignment included development of a 3-year CRE portfolio strategy and plan, institute processes, systems, and a technology plan to manage their CRE data. Key performance indicators aligned with their business objectives were developed to benchmark progress to the plan.

Our Approach

In order to best assist this client, our team took a three-part approach. First, we audited their U.S. portfolio analyzing their office and industrial properties throughout the U.S. for data inputs into the portfolio strategy. Next, we abstracted their leases to identify weaknesses and inconsistencies in their data set. Lastly, our team incorporated ePortfolio, a mobile technology and portfolio management tool, that provides a clear snapshot of their data including location intelligence, KPI tracking, and data layering to make it easier to view and manage their portfolio. Our team standardized the client’s corporate real estate process by creating a customized approval and reporting process to meet their needs.

The Outcome

After a thorough review, a three-year corporate real estate strategy was developed for the entire portfolio. Balfour Beatty’s U.S. corporate real estate lease data was consolidated and updated into one resource, ePortfolio, to track and view progress. Co-location and space efficiency projects were initiated immediately to help save the client money. A space standard of less than 230 square feet per employee was established. Our team coordinated the development and implementation of a design guide for space utilization and improvements. Overall, the client saw improved communication between corporate real estate and their business units, consistent project implementation, one-stop access to documents and data, resulting in decreased occupancy cost and occupancy ratios.

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]]> Rigorous Process Aides in UK Company’s First US Location Selection https://www.lee-associates.com/case-studies/rigorous-process-aides-in-uk-companys-first-us-location-selection/ Mon, 24 Feb 2020 18:02:36 +0000 https://www.lee-associates.com/?p=11915 OVERVIEW 1600 Tysons Boulevard | McLean, VA ± 20,000 SF Corporate Headquarters 10-Year Lease 20% Net Present Value Savings Over Next-Best Alternative For more information regarding this case study, please contact: KENNETH SALZMAN, SIOR D  (212) 776-1227 Email // Resume   This assignment was procured through Gerald Eve, who represent Ocado in the UK. When their client expressed their need to expand into the US, Gerald Eve introduced the Ocado management team to Lee &...

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OVERVIEW

  • 1600 Tysons Boulevard | McLean, VA
  • ± 20,000 SF Corporate Headquarters
  • 10-Year Lease
  • 20% Net Present Value Savings Over Next-Best Alternative

For more information regarding this case study, please contact:

KENNETH SALZMAN, SIOR

D  (212) 776-1227
Email // Resume

 

This assignment was procured through Gerald Eve, who represent Ocado in the UK. When their client expressed their need to expand into the US, Gerald Eve introduced the Ocado management team to Lee & Associates. After a thorough vetting process of the firm’s client services and capabilities, Lee was awarded the assignment.

The Client

Ocado is a UK based company admitted to trading on the London Stock Exchange (LSE: OCDO). It comprises one of the world’s largest dedicated online grocery retailers, operating its own grocery and general merchandise retail businesses under Ocado.com and other specialist shop banners, together with its Solutions division.

The Challenge

Ocado, the UK-based online grocery retailer and warehouse robotics company, as result of its partnership with The Kroger Co., determined that it needed to locate a base of operations for its Ocado Solutions group in North America.

Prior to hiring their first US-based employee, the Ocado team engaged Lee & Associates to identify and compare multiple markets that could accommodate the firm’s needs: access to international airports, qualified & abundant skilled labor and minimal traffic congestion/commutation issues.

Our Approach

The Lee & Associates team worked with Ocado to identify additional requirement criteria, pinpointing eighteen areas to evaluate prospective locations. Lee formulated a strategic plan to accommodate Ocado’s location sensitivities and prepare for the organization’s rapid expansion. Through a series of meetings with key stakeholders, Lee developed a Decision Analysis that incorporated the organization’s goals and requirements and built consensus on the relative “weighted” importance of those criteria to each other.

The Outcome

Options were sourced throughout their chosen market and compared to a pro-forma control option. Hundreds of viable locations were narrowed to dozens and eventually to eighteen. Of the options considered, those located in Fairfax County, VA offered the best balance of proximity, physical space, value and ability to accommodate Ocado’s rapid expansion.

As Ocado began hiring its first US-based employees, the Lee team identified temporary quarters for the firm and commenced negotiations with multiple Landlords. Detailed financial analysis and rigorous evaluation of the Decision Analysis criteria helped identify the properties that best accommodated Ocado’s needs. The Lee team spearheaded lease negotiations, engagement of a local project manager and assisted with their selection of a design-build architectural team capable of deploying their international workplace standards in a manner consistent with local codes. Because of the Decision Analysis evaluation technique and our real estate strategy, the client and stakeholders had tools that illustrated clear and immediate reasons where to locate their business and a means of evaluating the substantial number of viable options that met their criteria.

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