Success Stories

You can trace CoreDispo's leadership success back to the 1980's, when Gerard Staudt was broker and the Director of Leasing for 2,000 leases covering 20 million square feet in Manhattan.

This site contains the achievements of CoreDispo employees prior to CoreDispo.

REPOSITIONING & SALE

Ontario, Canada – Industrial:
Johnson Controls Automotive Group

  • 381,000 SF
  • Sold in 6 months
  • $18M – savings

REPOSITIONING & SALE

Ontario, Canada –
Warehouse/Distribution:
International Comfort Products

  • 310,500 SF
  • Obsolete buildings. Major practical use issues.
  • Sold within 11 months
  • $35M – savings

REPOSITIONING & SALE

Manufacturing, Office & Land:
Carrier Corporation

  • 816,000 SF
  • Small market – huge facility
  • Closed in 9 months
  • $40M – savings

REPOSITIONING, LEASE, BUYOUT/TERMINATION, SALE

Manufacturing & Office:
Ambac Industries and United Technologies

  • 315,000 SF
  • $36 M Lease Obligation
  • Distressed market
  • $10 M savings created

REPOSITIONING, SALE

Manufacturing – Land:
Johnson Controls Battery Group

  • 180,000 SF
  • Significant title and environmental issues
  • Disposition team solved all issues solved and asset sold in 45 days
  • Maximized pricing at $15M which was 15% above target price

REPOSITIONING, LEASE, BUYOUT/TERMINATION

Office:
IMS Healthcare

  • In 6 months – leased 122,000 SF in a distressed market with 30% vacancy
  • Property had been on the market 2 years before we were retained
  • Achieved $5.5M in lease cost savings
  • Largest transaction in that market

REPOSITIONING & SALE

Manufacturing:
Motorola

  • 443,000 SF facility on 40 acres
  • Nogales, Mexico
  • 1 month sooner than target timing
  • $400,000 above target price
  • $11M sale

REPOSITIONING & SALE

Global Manufacturing and Office:
Johnson Controls

  • A September to remember…
  • 7 sales in 21 days completed
  • 4 countries and 3 states in 3 different currencies and languages
  • $26M in cash to our client

LEASE, ASSET MANAGEMENT

Office & Retail:
Nippon Life Insurance & Prudential

  • One and Two Prudential Plaza, Chicago, Illinois
  • 2,100,000 SF
  • Core Dispo founder was Leasing AVP, Asset Manager, Nippon Life
  • $470 M sale price in 2006 after our leasing and tenure

LEASE , ASSET MANAGEMENT

Manhattan Office & Retail:
Nippon Life Insurance & Equitable

  • 1285 Avenue of the Americas, N.Y, N.Y.
  • 1,800,000 SF
  • Core Dispo founder was Leasing AVP, Asset Manager, Nippon Life
  • Value increased after our tenure: $1.6 B is most recent sale price

REPOSITIONING & SALE

Manufacturing & Office:
Agilent

  • 800,000 SF; 4 buildings; 300 acres – vacant & outdated space
  • Represented 10 years of total space absorption in market area
  • Delivered Savings over $7M

LEASE, BUYOUT / TERMINATION, SALE , SALE LEASEBACK

Office and Data Facilities:
Computer Science Corporation

  • $250M portfolio savings delivered including this transaction
  • Example 1: Disposed of 27 assets in 7 months
  • CFO testimonial Ad in CFO Magazine documenting $250 M savings

REPOSITIONING & SALE

Land & Recreational Buildings:
Agilent Technologies

  • 1400 acres – Rocky Mountains
  • Conservation challenges to preserve native animals, flora and fauna, and environmentally sensitive wetlands
  • Recorded a conservation easement to preserve recreational use in perpetuity

LEASE

Manhattan Office & Retail:
First Winthrop Properties –
Former MacArthur Foundation Property

  • 535 – 545 Fifth Avenue, N.Y, N.Y
  • 320,000 SF
  • This is one of 14 N.Y towers for which our founder was Director of Leasing
  • Maintained over 95% occupancy

REPOSITIONING, LEASE

Manhattan Office and Retail:
Castro Convertible Corporation

  • 43 West 23rd Street, N.Y., N.Y.
  • CoreDispo founder’s first major repositioning and lease transaction
  • 110,000 SF
  • $16 M lease value

LEASE, SALE LEASEBACK

Office & Data Center:
Carrier Corporation

  • Global Carrier HQ
  • 118,000 SF
  • Delivered high target price with lowest market rent and best legal terms
  • Sold at maximum value to client within end-of-quarter deadline

SALE

Office & Manufacturing: Motorola

  • 84,000 SF facility in a distressed submarket
  • Identified a purchaser in 5 months
  • Closed transaction 3 months ahead of target
  • 20% higher sale price than client target.
  • Client awarded disposition team a 50% bonus fee

LEASE

Manhattan Studio, Theatre,
Office & Retail:
First Winthrop Properties –
Former MacArthur Foundation Property

  • 535 – 545 Fifth Avenue, N.Y, N.Y.
  • 320,000 SF
  • Maintained over 95% occupancy

SALE & LEASE

Asia-
Singapore, Korea, India
53 Cities – Office and Manufacturing:
Motorola

  • 8.8M SF – 53 cities
  • 75 transactions
  • Singapore – 537,000 SF – building sale
  • Korea – 270,000 SF – office lease renewal
  • India – 96,000 SF – building sale

LEASE, REPOSITIONING, BUYOUT/TERMINATION

Retail, Office:
CitiFinancial

  • 639 Transactions – 48 Months
  • $12.8 Million Remaining Liability
  • $8.6 Million Savings

SALE

Office:
Hamilton Sundstrand

  • 138,000 SF
  • Remote location and distressed market
  • Sold in 10 months 9% higher price than target
  • $15 M Savings to client

LEASE

Manhattan Office & Retail:
First Winthrop Properties –
Former MacArthur Foundation Property

  • 757 Third Avenue, N.Y, N.Y.
  • 500,000 SF
  • This is one of 14 N.Y towers for which our founder was Director of Leasing
  • Maintained over 95% occupancy

REPOSITIONING, LEASE, SALE

Manhattan Office:
Citicorp

  • 60 Hudson Street, N.Y., N.Y.
  • Telecommunications, Data and
    Office Building
  • Formerly known as the
    Western Union Building
  • 800,000 SF

LEASE , SALE LEASEBACK

Office & Retail:
First Union Bank

  • 175,000 SF regional HQ
  • Prior team failed at selling at $6.9 M target price
  • CoreDipso beat timing deadline by 26 days
  • Sold at 7.9 M – $1 M higher than target

SALE

Data Center:
Computer Sciences Corp.
(Herndon, VA)

  • 89,000 SF
  • Sold for above book value in distressed market
  • 23% higher than client’s target price
  • $7.5 M sale price

LEASE

Manhattan Office & Retail:
Fred F. French Company and
Met Life

  • 551 Fifth Avenue, N.Y., N.Y.
  • 430,000 SF
  • Exclusive lease agent
  • Created and maintained 95% occupancy
  • Maximized leasing and asset value

REPOSITIONING

Mixed Use:
Pratt & Whitney

  • Corporate HQ
  • 7200 Acres (1.7 Million SF) total
  • Sold 150 Acres (540,000 SF)
  • Re-Zoned, Subdivided, Sold
  • $50 Million Savings

SALE LEASEBACK

Industrial:
York Air Conditioning

  • 1.6 Million SF HQ Campus
  • 780,000 SF Excess Space
  • Space Planning, Environmental,
    Title, Utility and Site
    Separation Issues
  • $25 Million Sale Leaseback – 11 Months

SALE

Office:
South Carolina DMV

  • Dispose of 300,00 SF
  • Distressed Tertiary Market
  • $18.5 Million Sale in 9 Months
  • $21 Million OPEX Savings

LEASE, BUYOUT / TERMINATION

Manhattan Office:
Computer Sciences Corp.

  • 1325 Avenue of Americas
  • Sublease to gain release of
    $3M lease obligation
  • Disposed of 25,000 SF
  • Delivered $3M hard cost savings