Lotus Engineering, a global automotive engineering consultant and manufacturer of premium sports cars, originally operated separate R&D and office facilities. It was looking to consolidate.
Lotus engaged Plante Moran Realpoint (PMR), formerly Plante Moran Cresa, to review the feasibility of combining its research and development (R&D) activity and office functions by either consolidating into one of its existing facilities or possibly moving to a new location large enough to house both.
After a thorough exploration of Lotus' needs compared to the real estate market, PMR proposed a viable solution that was accepted and acted upon.
Lotus moved into a single new location with an advantageous scenario PMR identified. The scenario permitted the company to lease turnkey space that included furniture, phones, IT technology, and ample space for all R&D and office activity.
PMR served as project feasibility and site selection lead and provided tenant representation throughout the transaction and relocation.