Allstate Insurance was looking to renegotiate their 50,000 sq. ft. lease in Fairfax, VA.
After 5 years in an existing lease, Allstate faced a renegotiation of a 50,000 sq. ft. office. Allstate's direct negotiations with the landlord were not successful.
Allstate retained the Larsen team to locate a superior lease and location.
We analyzed 65 properties and narrowed it down to 15 for a complete competitive analysis.
We negotiated a new lease with flexibility of options, renewals, cancellations, expansions, etc.
We reduced Allstate's overall costs by close to $1 million dollars.