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, 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, 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

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

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

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

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

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

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

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