Bloomberg
Case Study

Corporate Real Estate Services
1101 New York Ave, NW - 45,000 SF1101 K Street, NW – 30,000 SFWashington, DC
Issues
Growing 40,000 SF News Operation in tired, inefficient space;
Separate, Related 30,000 SF Business Unit;
Immediate Need for Growth Space
Consolidate or Separate?
Retain Future Flexibility
Solution
Simultaneous Negotiations for Separate & Consolidated Facilities;
Maximize Negotiating Leverage with Multiple Options;
Reduce Capital Expenses Through Keeping “Startup” Entity in Place
Moral
Move BLP News Unit to Efficient New Space in 1101 NY Ave, NW;
Extend Industry Group Business Unit at 1101 K Street, NW;
Co-terminus Lease Terms, Allowing for Future Consolidation Options