

An institutional owner with an international portfolio of office assets had a moribund, multi-building office complex of 1.5MM square feet with substantial vacancy. In addition to much-needed physical improvements there was nothing other than massive discounting as a tool to lease the almost 400K square feet of empty office space inventory.
Adaptiv developed a product strategy that incorporated a blend of "spec suites", coworking and shared meeting / common areas as part of the new, improved UX (user experience). The design and operation for the non-traditional leased space required sourcing a 3rd party operator and structuring a model with shared upside for both ownership and the 3rd party operator innovative enough to pass the test of lenders and new investor / buyers.
At project end, the program was expected to deliver anticipated value increase of over $57MM to asset stakeholders.