Noble Energy, Inc.

Nobel Energy Logo

 

World Trade Center, Denver

Our team was originally retained by Noble Energy (NE) to negotiate a five-year extension of their existing five-year lease of 70,000 square feet and expand that space by an additional 40,000 square feet. The client’s goal was to have the original five floors contiguous to the three newly acquired floors. They required all leases to have the same termination date and adequate Tenant Finish dollars to retrofit the existing space and build out the new space. Noble was also concerned about their future expansion requirements.

WHAT OUR TEAM ACCOMPLISHED:

  • Successfully negotiated a five-year extension of their existing 70,000 square foot lease and negotiated a ten-year lease for an additional 40,000 square feet, both to be co-terminus
  • Secured over $3.7 million for the retrofit and build-out of the combined eight floors ($34.00 per square foot)
  • Secured Rights of First Offer on any space over 5,000 square feet that became available in the building

Over the ensuing five years we have:

  • Secured an additional three floors in the building, all co-terminus and contiguous to the existing space
  • Convinced the landlord to move the elevator cross-over floor from the 16th to the 15th floor, at their cost, to accommodate our client’s desire for additional contiguous, secure space

Nobel Energy, Greeley

  • Negotiated three additional leases for five floors totaling 88,637 square feet in another building across the street—ultimately creating leverage between the two building ownerships for the long term
  • Located and negotiated for an offsite 30,000 square foot warehouse space for secure document storage/disaster recovery space
  • Located and negotiated for the purchase of 23 acres, after identifying 50-plus properties, for a 70,000 sf build-to-suit field office in Weld county
  • Negotiated the city fees associated with the build-to-suit field office, reflecting a cost savings to the client of $668,000
  • Secured direct savings in excess of $4,500,000 to the client through aggressive and focused negotiations covering all aspects of their real estate requirements
  • Secured 244,766 square feet of office space overall
  • Secured 30,000 square feet of warehouse space overall
  • Secured 23 acres of land overall

 

Comments are closed.