Case Studies

Ward, Keenan & Barrett

  • 3838 N. Central Ave. Suite 1720 Phoenix, AZ 85012

  • Size: +2,083 SF

  • Property: City Square

  • Lease Type: New Lease

  • 30 Year Relationship through 4 buildings!

Challenge

• Fast relocation timeline
• Challenging negotiation and ownership

Solutions

• Located familiar move in ready space
• Leaned on relationship with Broker/Owner

Challenge

• Below market rate, above market free rent and turnkey T.I.'s
• Best comp in the building

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Dickinson Wright

  • 1850 North Central Avenue, Suite 1400 Phoenix, AZ 85004

  • 46,000 SF

  • Central Arts Plaza

  • Transaction Type: Relocation

Requirement

Arizona headquarters relocation

Challenge

Relocate after 20 years, or renew/renovate existing premises

Solution

Relocate to Central Arts Plaza

Results

• Negotiated over $6/SF in annual rent savings
• Achieved substantial above market Tenant Improvement Allowance
• Flexible growth rights
• 100% free parking

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Perkins Coie

  • 2901 North Central Avenue, Suite 2000 Phoenix, AZ 85012

  • 85,000 SF

  • Phoenix Plaza I

  • Lease Type: Renewal/Expansion

Requirement

Efficient work space and quality corporate image throughout the next decade for one of the largest law firms in Arizona

Challenge

Uncertainty over whether to renew, relocate or purchase

Solution

After considerable financial and occupancy analysis, C2 determined the optimal solution was to renew with a four-phase refurbishment plan

Results

• Impressive Cost Savings of 20%
• Long Term Cost Control
• Improved Efficiency 15%
• Image consistent with the firm's reputation

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Kutak Rock

  • 8601 North Scottsdale Road, Suite 300 Scottsdale, AZ 85253

  • 30,263 SF

  • Gainey Center I

  • Lease Type: Renewal/Expansion
  • Total Dollar Value to Client: $1,582,694
  • Clients benefit PSF: $52.30/SF

We have successfully negotiated the Kutak Rock LLP Arizona Headquarters' real estate costs for the next 10 years. Kutck Rock LLP had many high quality options available given today's real estate market. Kutak Rock LLP selected The Coppola-Cheney Group to help align its real estate and business needs and find the right solution for the firm.

We have enabled Kutak Rock LLP to:

• Substantially reduce its office rents
• Receive a generous tenant improvement allowance to refurbish the space
• Avoid a costly and cumbersome relocation
• Focus on its core business while having peace of mind regarding real estate

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May, Potenza, Baran & Gillespie

  • 201 North Central Ave, 22nd Floor Phoenix, AZ 85004

  • +17,000 SF

  • Chase Tower

  • Lease Type: Renewal

Requirement

Lease renewal or relocation

Challenge

Leveraging a renewal position with one of the most difficult Landlords in Phoenix

Solution

Exploit an excellent relocation option against renewal play

Results

• Our client received the cheapest Class A building lease in Downtown Phoenix in the last 15 years

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Ryan Rapp & Underwood

  • 3200 N. Central Ave, Suite 1600 Phoenix, AZ 85012

  • Size: +8,100 SF

  • Property: 3200 Central

  • Lease Type: Renewal & Relocation within their current building

Requirement

Analyze existing space, review options and downsize firm

Challenge

Needed to downsize and remodel existing space to change the firm's image

Solution

Completely redesign their space and relocate the firm within the building

Results

• No disruption to business
• Very efficient process
• Gave the firm a completely new look and feel

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Gammage & Burnham

  • 40 North Central Ave., Ste. 2000 Phoenix, AZ 85004

  • Size: +20,081 SF

  • Property: Two Renaissance Square

  • Lease Type: Renewal & Relocation

Challenge

• Disruption in the Law Industry
• Law Firm office layouts dramatically alters how the firm works over the last decade

Solution

• 4-5 experiments in new layout options 36 months before lease expiration
• New wave of firm leadership and associates
• Review all options- warehouse, low rise, mid rise, build to suit

Results

• Complete redesign of firm layout, resulting in a 50% space reduction
• Plan for the next decade of the firm
• Cost savings despite a 30% increase in rents from previous lease

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Lotzar Law Firm, P.C.

  • 7150 E. Camelback Rd. #455 Scottsdale, AZ 85251

  • Size: +2,514 SF

  • Property: Scottsdale Fashion Square

  • Lease Type: Renewal

Challenge

• Tightening market
• Limited options within geographical area

Solution

• Utilize full C2 4-stage renewal process
• Leverage gray market alternatives

Results

• Achieved lowest lease rate and comparables for our client at building in last year
• No disruption to client's business

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Fennemore Craig

Firm Wide Representation
One of Coppola-Cheney's Core Competencies is representing Law Firms. Our team has had the privilege of working with some of the finest firms in the U.S. Fennemore Craig is one of those firms. Over 130 years in business, they are perennially ranked as a top law firm by Best Lawyers in America. With offices throughout the West, Fennemore Craig is a great case study of our service capabilities.

Requirements
The Law Business in under major disruption, and C2 is there to help navigate and advise.

Challenge

• Continued growth and retrenchment for a 130-year-old firm
• Navigating the future
• Changing the environment as their practice evolves

Solution

• Renewals
• Renegotiations with owners
• Build to Suit
• Relocations

Results

• Single point of contact
• Attention to detail throughout the process
• Unique process with flexibility
• Ability to execute multiple different outcomes

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