The new lease terms were not only significantly favorable to MultiPlan economically, but also gave back a portion of the company’s first-floor existing space to the landlord to allow for a new amenity center that will benefit MultiPlan’s employees, as well as all of the building’s tenants, said Springer.
“This lease was a win for everyone involved,” said Springer. “The space given back will allow the landlord to make important upgrades to the property. And, most importantly, MultiPlan was also able to improve its short and long-term occupancy costs, while maintaining excellent flexibility that aligned with its business objectives.”
MultiPlan is a healthcare cost management solutions provider based in New York City. The firm has several offices throughout the U.S. and has grown both organically and through acquisitions.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.