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Hewlett Packard
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| Challenge |
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| Due to its merger with Compaq Computer, Hewlett Packard needed to close a former 125,000 sq-ft Compaq facility and decide whether to sublease or terminate the lease. |
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| ARVO Realty Advisors was engaged to evaluate the options for disposition based upon its analysis of the property, location, and market conditions. |
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| Solution |
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| The team developed a strategic marketing plan based on the quality attributes of the property deemed attractive in the marketplace. |
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| Benefit |
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| The marketing strategy yielded great interest among prospective users and developers. |
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| In a very challenging market, a lease termination agreement was successfully negotiated. This transaction saved Hewlett Packard in excess of $130,000 by eliminating future lease payments and operating cost. |
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