Citadel Partners announces that it has subleased 25,806 square feet in Granite Park III, in Plano, Texas on behalf of our client Invensys.
Invensys, a global technology company that works in partnership with a broad range of industrial and commercial customers to design and supply advanced technologies that optimize their operational performance and profitability, determined that a portion of their regional offices were surplus.
Citadel Partners was hired to alleviate the contingent liability of the existing lease, while minimizing on-going occupancy costs and improving efficiencies of operations. Citadel Partners located an internationally based, highly credit worthy subtenant to sublease the facility. The result was the elimination of the contingent liability and a bottom line savings to our client exceeding 41%.
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