We Have You Covered
From Start-Ups to Am Law 100 law firms, Cherry Associates is your partner for corporate real estate strategy, process, and tactical execution.
Our core competencies are summed up into two key specialties; Occupier Advisory and Portfolio Management. The two share many of the same disciplines, including Workplace Strategy, with exception that portfolio clients have multiple locations.
Occupier Advisory
Many of our clients started out by looking for a single location, and many still maintain just one office or facility today. Our Occupier Advisory platform is comprised of Workplace Strategy and Transaction Management and is tailored to ensure that any corporate real estate need can be met, regardless of size.
Services
-
Advocating for the Occupier’s real estate interests during all phases and cycles of the lease, expansion, sublease, and renewal transactions.
-
Advocating for the Occupier’s real estate interests during all phases and cycles of the purchase and sale transaction.
-
Research Analysis: Identifying and understanding real estate options and conditions for any market in the Americas.
Labor Analysis: Research and modeling to determine demographics and productivity, necessary to make informed location decisions.
Cultural | Situational Analysis: Planning, designing, and building of real estate solutions to foster individual client cultures and attributes. -
Established at the corporate and/or local level to create consistency & equity across workplace environments, while managing productivity and utilization.
-
Navigating the corporate tax incentive landscape to estimate local, county, and state incentives for qualified companies.
-
Planning, organization, and implementation of the market, site and/or building tours based on client short-listed preferred options.
-
Unique to each client requirement, a comprehensive Request for Proposal is drafted and submitted to landlords for shortlisted building and location options.
-
Reducing often lengthy landlord responses to key terms and conditions to allow for streamlined reporting to key client executives and decision-makers.
-
Exhaustive red-lining and negotiation of the Letter of Intent document to serve as the blueprint for the Lease Agreement draft.
-
In conjunction with the client’s counsel, the Lease or Purchase Agreement is negotiated to best position the client to accurately manage risk and expenses while maintaining flexibility.
-
Continual financial modeling with a focus on Net Present Value and Total Cost of Occupancy, to foster informed decisions.
-
Single service team established based on competency, pricing, and availability.
-
Highly interactive management and oversight for client relocations, interior, and ground-up construction; inclusive of all teams and disciplines supporting the project.
-
Proprietary estimating, costing, and tracking for all project-related expenses.
-
A range of property/asset values determined by relative data points derived from cost, income, and replacement value approaches.
-
Web-based management of real estate costs, obligations, and critical dates through Cherry Speir’s license with MRI ProLease, the leader in lease administration software.
-
Annual review of operating expense reconciliations and estimates to ensure accuracy and operational integrity throughout the life of the Lease Agreement.
Portfolio Management
For companies with multiple locations, often there is no centralized system for real estate transaction management. Many times, there are no real estate metrics and standards for consistency, which may lead to discrepancies in lease obligations between the headquarter and field locations. Additionally, operational expenses can be overlooked due to a lack of knowledge or manpower. The result of this approach can be costly and punitive. For select clients, we provide high service-level Portfolio Management across the entire real estate footprint.
Services
-
Addressing issues surrounding collaboration and connectivity across multiple locations.
-
Creating customized best practices and solutions.
-
Creation and implementation across the portfolio.
-
Evaluation of the impact on workplace wellness in the selection of real estate options.
-
Customized analysis of financial and non-financial data points.
-
Negotiating lease flexibility to meet changes in market conditions and economic disruptions.
-
Understanding the impact and utilization of the latest technology on space design and standards.
-
Oversight and reporting of the portfolio including lease administration, critical dates and operating expense audits.
-
Semi-annual market to lease comparison to aid in strategic planning.
-
Selection of the best industry partners to address local market conditions, trends, and real estate options.
-
Assist in the selection of related third-party experts for construction, project management, architectural, construction and furniture services.
-
Customized reporting and metrics for tracking and comparison both internally and within the industry.
Workplace Strategy
Cherry Associates offers tailored Workplace Strategy solutions in partnership with some of the best architects, consultants and real estate tech experts.
Services
-
Uncovering unique attributes to align real estate with your brand.
-
Ensuring that physical locations best represent your organization by a thorough understanding of the mission, core values and unique attributes of the company.
-
Creating environments that maximize production and employee satisfaction.
-
Real-time spatial applications for workplace and occupancy management.
-
In-office, hybrid, and remote work solutions to foster collaboration and connectivity.
-
Evaluation of the impact on workplace wellness in the selection of real estate options.
INDUSTRIES SERVED
CORPORATE
TECHNOLOGY
INDUSTRIAL
OUR VISION: To glorify the Lord, by providing our clients with exceptional service and unwavering advocacy.
OUR MISSION: Investing in the lives of our clients and team, serving with integrity and trust.