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
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
