CASE STUDY

Pan-American Life Insurance Group

1778 North Plano Road
Richardson, TX 75081

Assignment Size

9,143 SF

Occupier Services Provided

  • Tenant Representation
  • Site Selection
  • Lease Negotiations
  • Adaptive Reuse

Client Feedback

Citadel Partners opened our eyes to an adaptive reuse opportunity which we otherwise would have overlooked. The net result is a huge cost savings and a better work environment for our employees

Carlo Mulvenna
Vice President
Copyright ©2022 Citadel Partners, LLC. The information contained herein was obtained from sources deemed reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form any part of any future contract.

The Challenge

Pan-American Life Insurance Group desired a new office location to create a more efficient use of space to retain and recruit employees. Citadel Partners was hired by Pan-American to locate the ideal property and negotiate lease terms under the client’s desire to be located in a more economically sensible building and location.

Our Strategic Approach

  • Identify optimal space requirement
  • Evaluate employee housing to identify favorable property locations
  • Consider adaptive reuse of Flex/Tech space in Richardson

The Outcome

Citadel Partners was able to reduce Pan-American’s annual rent by 34% on a “per square foot” basis. This has led to a more effective and efficient working environment in addition to an increased bottom line.

cmj here ...