Case Studies

Dickinson Wright

  • 1850 North Central Avenue, Suite 1400 Phoenix, AZ 85004

  • 46,000 SF

  • Central Arts Plaza

  • Transaction Type: Relocation

Requirement

Arizona headquarters relocation

Challenge

Relocate after 20 years, or renew/renovate existing premises

Solution

Relocate to Central Arts Plaza

Results

• Negotiated over $6/SF in annual rent savings
• Achieved substantial above market Tenant Improvement Allowance
• Flexible growth rights
• 100% free parking

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Perkins Coie

  • 2901 North Central Avenue, Suite 2000 Phoenix, AZ 85012

  • 85,000 SF

  • Phoenix Plaza I

  • Lease Type: Renewal/Expansion

Requirement

Efficient work space and quality corporate image throughout the next decade for one of the largest law firms in Arizona

Challenge

Uncertainty over whether to renew, relocate or purchase

Solution

After considerable financial and occupancy analysis, C2 determined the optimal solution was to renew with a four-phase refurbishment plan

Results

• Impressive Cost Savings of 20%
• Long Term Cost Control
• Improved Efficiency 15%
• Image consistent with the firm's reputation

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Kutak Rock

  • 8601 North Scottsdale Road, Suite 300 Scottsdale, AZ 85253

  • 30,263 SF

  • Gainey Center I

  • Lease Type: Renewal/Expansion
  • Total Dollar Value to Client: $1,582,694
  • Clients benefit PSF: $52.30/SF

We have successfully negotiated the Kutak Rock LLP Arizona Headquarters' real estate costs for the next 10 years. Kutck Rock LLP had many high quality options available given today's real estate market. Kutak Rock LLP selected The Coppola-Cheney Group to help align its real estate and business needs and find the right solution for the firm.

We have enabled Kutak Rock LLP to:

• Substantially reduce its office rents
• Receive a generous tenant improvement allowance to refurbish the space
• Avoid a costly and cumbersome relocation
• Focus on its core business while having peace of mind regarding real estate

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May, Potenza, Baran & Gillespie

  • 201 North Central Ave, 22nd Floor Phoenix, AZ 85004

  • +17,000 SF

  • Chase Tower

  • Lease Type: Renewal

Requirement

Lease renewal or relocation

Challenge

Leveraging a renewal position with one of the most difficult Landlords in Phoenix

Solution

Exploit an excellent relocation option against renewal play

Results

• Our client received the cheapest Class A building lease in Downtown Phoenix in the last 15 years

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Ryan Rapp & Underwood

  • 3200 N. Central Ave, Suite 1600 Phoenix, AZ 85012

  • Size: +8,100 SF

  • Property: 3200 Central

  • Lease Type: Renewal & Relocation within their current building

Requirement

Analyze existing space, review options and downsize firm

Challenge

Needed to downsize and remodel existing space to change the firm's image

Solution

Completely redesign their space and relocate the firm within the building

Results

• No disruption to business
• Very efficient process
• Gave the firm a completely new look and feel

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