Cheatsheet: Case Studies

Fort Worth-based Sanara MedTech is a publicly traded surgical and wound care technology company that was growing quickly, requiring additional space despite time remaining on its existing lease. Leadership wanted to expand into two adjacent suites while avoiding business interruptions, even while renovating portions of its current space to help attract and retain employee talent.

We have been fortunate to work with the ApproveShield team since they outgrew an executive suite in 2018. As the company began to really take off, we worked closely with the team to find a space that could accommodate their continued growth and embody an established brand. As the search unfolded over the course of about 18 months, ApproveShield reached new heights, which altered their real estate needs more than once.

After years of growth, ACRE decided to co-locate certain facilities to improve operations and speed customer response times and accommodate robust workforce growth. ACRE chose to consolidate its northeastern U.S. business operations in Dallas-Fort Worth. Company leaders wanted a large existing office/flex industrial space. Most industrial properties are warehouse-intensive, which made it difficult to find an available facility that would permit the heavy office component while staying within zoning regulations and remaining a reasonable commute for employees. Relocation efforts were further challenged by seeking space in a submarket with a 5.2% vacancy and in an accelerated time frame, as ACRE’s existing lease was set to expire in six months. While navigating these and other hurdles, it was imperative to find solutions that were also within the client’s budget.

The Capital Chart Room, a privately held investment advisory group based in Fort Worth occupies a high-end space in One West 7th. While wanting to stay in their current space, which they have occupied since 2012, company leadership knew they faced an increase in rental costs since their last renewal. They also wanted to improve their space and common areas to better reflect their brand and culture for both clients and employees.

1900 Greenville is a prime address surrounded by up-and-coming restaurants and shops along what is now referred to as Lowest Greenville. The building was built in 1920 and until recently was owned and operated by a family that lived in New Orleans. After 16 years of ownership, the family was approached by a prominent owner and developer in the area. While the unsolicited offer was compelling, the family needed to understand the true value of the asset located in such a niche neighborhood. They engaged Citadel Partners, and we got to work on an Opinion of Value.

1900 Greenville is a prime address surrounded by up-and-coming restaurants and shops along what is now referred to as Lowest Greenville. The building was built in 1920 and until recently was owned and operated by a family that lived in New Orleans. After 16 years of ownership, the family was approached by a prominent owner and developer in the area. While the unsolicited offer was compelling, the family needed to understand the true value of the asset located in such a niche neighborhood. They engaged Citadel Partners, and we got to work on an Opinion of Value.

Stonebriar Commercial Finance (SCF), a privately held commercial finance company based in Plano, occupied office space in a sublease in Granite Park III.

Wintrust Commercial Finance (WCF) has rapidly grown from their founding in 2015 into one of the largest equipment financing companies in the country.

Texas Instruments (TI) engaged the Citadel Partners to assist in renegotiating leases in numerous U.S. locations. The assignments included sales and engineering offices located from coast to coast. Reduced rent in the last year of the existing term by 33% and created a cost avoidance of an additional $2,000,000…

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Eland Energy, Inc., an independent oil and natural gas exploration and production company, wanted to better position themselves to hire and retain human resources while enhancing corporate communication and collaboration between internal departments.

Eland Energy, Inc., an independent oil and natural gas exploration and production company, wanted to better position themselves to hire and retain human resources …

Estech Systems, Inc. (ESI) desired to consolidate two locations under one roof to help increase manufacturing and production efficiencies, while enhancing the image of their business. Increased revenue by 30%…

Retirement Advisors of America (RAA) had just over a year and a half remaining on their current office lease. They desired to lower their lease rate, improve efficiencies. Achieved 16.7% bottom line savings in occupancy costs…

The Richardson Independent School District (RISD) desired to dispose of unessential real estate and acquire strategic sites that would allow for future growth…

The North Texas Tollway Authority (NTTA) needed to purchase either an existing structure or construct a new building to satisfy financial bond rating classifications, assisting in the development of new transportation arterials in North Texas. Existing leases were eliminated, the final purchase price was reduced by more than 20% from the original price…

Invensys Systems had determined that a portion of their regional headquarters in Granite Park III in Plano, Texas had become surplus with personnel being moved to Houston, Texas. Citadel Partners was hired to sublease a portion of the Plano facility to alleviate the contingent liability of the existing lease and lower occupancy costs.

Electronic Transaction Consultants Corporation (ETC), a software design and implementation firm to the transportation industry, was struggling with employee productivity, image. Located a new, freestanding facility that would offer prominent building signage, a corporate image, and expansion options…

Electronic Transaction Consultants Corporation (ETC), a software design and implementation firm to the transportation industry, wanted to reduce costs …

RD&F Advertising, Inc., a full-service advertising agency based in Dallas, Texas had originally located its corporate headquarters in Quorum Place seven years ago. In 2010, after being named a DCEO best mid-sized agency and recognized by numerous industry awards, the company was ready to recreate their image through the redesign of their facility. Achieved 15% reduction in lease rate and 32% in construction costs…

Flextronics International wanted to design, build and acquire a state-of-the-art contract manufacturing campus as close to the Telecom Corridor in North Texas as possible. 21% savings through tax abatements and financial structuring…

Maxim desired to dispose of their 700,000 square foot, 200 mm semiconductor manufacturing plant. The ultimate result was a value enhancement of over $5 million…

Susquehanna Radio Corporation needed to secure a new radio station facility to provide for future growth. Reduced facility costs by more than $1.2 million…

Multek needed to dispose of their printed circuit board manufacturing plant. The entire facility was once a part of a 300 acre IBM facility in Austin, Texas. Created approximately $2,000,000 in value to seller…

Northstar Ceramic Trading, LLC (Northstar)was experiencing explosive growth and needed to expand to meet revenue opportunities. The decision was made to relocate from their current 16,000 square foot location to a new 50,000 square foot facility. The financial result was a savings of $144,354…

Pan-American Life Insurance Group desired a new office location to create a more efficient use of space to retain and recruit employees. Reduced Pan-American’s annual rent by 34%…

Superior Graphics desired to acquire their own facility by capitalizing on the capital market conditions, thereby reducing facility costs and controlling future growth of the organization. Achieved savings of $25,000 in architectural fees…

After a successful 23 years, Dallas-based Curtis Group Architects merged with Baton Rouge based Grace Hebert Architects, forming the new firm Grace Hebert Curtis Architects. The new firm needed an identity that reflected the new brand and culture given the expanded resources and capabilities of the merged entities. The management team was seeking assistance to reevaluate their strategic real estate plan. Citadel Partners was brought in to assess the current and future facility requirements and the local real estate market.

After a successful 23 years, Dallas-based Curtis Group Architects merged with Baton Rouge based Grace Hebert Architects …

Parker Hannifin, a Fortune 250 Company, desired to either renew in their current space or relocate to a space of comparable size. Citadel Partners was engaged with the goal of decreasing their costs while maintaining an environment and space that would enable our client to accommodate future growth as well as support their hiring and retention efforts.

PrintEdd Products was interested in acquiring their own building for investment purposes, while incubating their future growth. Achieved 53% discount from alternate lease sites…

The City of Richardson desired to locate a permanent facility for their municipal courts. Citadel Partners needed to locate an existing facility or site for a new building. Achieved financial savings close to $1.2 million…

The City of Richardson desired to locate a permanent facility for their municipal courts.

Our relationship with Weaver & Tidwell started with one office in Dallas, TX in 1996. Together, we have evolved with a national expansion strategy with Citadel Partners representing Weaver around the country. Our most recent lease assignment is with The Union in Dallas, TX. The number one initiative was to potentially relocate into a facility that would better reflect their brand and significantly improve the hiring and retention of personnel at a reasonable budgetary increase.

Our relationship with Weaver & Tidwell started with one office in Dallas, TX in 1996. Together, we have evolved with a national expansion strategy with Citadel Partners representing Weaver around the country.