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Auto manufacturer’s expiring lease unlocks opportunity for new corporate real estate strategy

The client

NYX Inc. is a Metro Detroit-based, minority-owned, market-leading automotive manufacturer.

The challenge

The COVID-19 pandemic has forced companies across all industries to reevaluate their real estate needs and strategies. Accelerated with an expiring lease at its headquarters, NYX was considering the role of a corporate office space in the future of its business. The manufacturer contacted real estate consulting and tenant representation firm Plante Moran Realpoint (PMR), formerly Plante Moran Cresa, to consider its office space needs moving forward.

The solution

PMR's real estate team, led by Vice President Tony Sorgi, assisted NYX in developing a vision for what an ideal headquarters space would offer. This included a collaborative environment, a modern space to support talent recruitment and retention, and enough room to accommodate current and future growth.

After a deep market analysis, PMR presented NYX with the most feasible options within the specified criteria and helped company evaluate the options. As a result, NYX chose to lease a 35,000-square-foot office in Plymouth, Mich. Some notable features of the space include an open layout, surrounding amenities, and minimal build-out needs before move-in. The new space is strategically centered around existing manufacturing facilities, clients, staff, and potential new business opportunities.

The benefit

NYX successfully turned its corporate office space into an asset for business operations. With PMR's guidance, NYX is now equipped with a defined real estate strategy in a space that will serve its needs for years to come.

Is your lease expiring in the next two to three years? We can help turn your real estate into a differentiator for your business. Contact us today.

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