300,000 Square Feet   |   Building Ownership Restructure

When the computer industry experienced a major downturn in the early 1990s, Convex Computer proactively streamlined its organization.  To focus on its core business, Convex retained C&W, on a global basis, to downsize, sublease or negotiate lease buy-outs for more than 30 leases worldwide.

In 1993, C&W implemented a financial restructure on Convex’s 300,000-square-foot headquarters building. The building was sold, and the resulting joint venture included Convex.  Financing was also restructured.

Results

• Our global lease restructuring efforts recovered more than $1 million for Convex
  The result of the building ownership restructure was that for the same time period as the original lease.
• We saved Convex $11 million “out-of-pocket” at a present value of $5.5 million

Susan B. McClure, CCIM

Susan McClure
Executive Director
214-384-9261
smcclure@mcclureusa.com