The challenge
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.
The solution
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.
The benefit
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.
