Capabilities > Global WorkPlace Solutions > Case Studies > Real Estate - Global IT Outsourcing Company
Real Estate - Global IT Outsourcing Company
The Brief:
- Client is a global leader in IT outsourcing solutions
- Johnson Controls selected to provide transaction management, lease management, lease administration, strategic planning & mapping/demographics services
Challenges:
- Property portfolio of 12.5 million square feet in 450 locations
- Previously decentralized real estate, with 8 autonomous business units
Solutions:
- Centralized lease information
- Opened communication channels between business groups
- Disposed nearly 1 million square feet of surplus space
- Proactively renewed leases
Results:
- Savings realized $250 million
- Reduced vacancy rate to below 2 percent
- Secured lower lease rates
