OVERVIEW

Coming out of the pandemic, Teague Campbell worked differently by allowing employees to utilize remote work and/or a hybrid schedule. With an upcoming Lease expiration date and underutilized space, the executive committee established a project team which included Redline Design Group and RCR. The three parties collaborated over a span of six months to determine the current space needs of the firm. A comprehensive market survey was created, with a long list of pros and cons. The end result was a recommendation to downsize by more than 48%.

RESULTS

RCR was able to uncover a second generation law firm space before it ever hit the market, with a Landlord that Teague Campbell was familiar with and in an office building that was newer than their existing building. In a time where inflation was evident, RCR negotiated a generous Tenant Improvement Allowance where Teague Campbell could use a portion of that to help pay for moving and IT/AV expenses, new furniture, etc. In fact, Teague Campbell had leftover TIA dollars to improve the space above and beyond the initial project scope.