AEG Partners was engaged by a public technology company with $500 million in revenue to reduce that company's lease obligations. As a result of acquisitions and subsequent consolidation, the company occupied less than half of the 1.2 million square feet that it leased across 33 locations. These obligations compromised the company's profitability and threatened its viability.
AEG developed solutions for each market and each lease based on the company's position and market conditions: we assessed landlords' objectives, analyzed the legal entities, and studied the countless documentation used by our client. Within 90 days, AEG eliminated $3 million in annual rent, recovered security deposits improperly retained by landlords, and arranged sub-leases for residual, unused space.