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

2021 Case Study 1 min read
Authors:
Tony Sorgi Plante Moran Cresa
Facing a lease expiration at its headquarters, automotive manufacturer NYX engaged tenant representative firm Plante Moran Cresa to evaluate its space needs and execute a relocation strategy.
Front of NYX Inc. HQ building in Plymouth, MI, USA

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 Cresa (PMC) to consider its office space needs moving forward.

The solution

PMC’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, PMC 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 PMC’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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