Site Selection Group, a leading global location advisory, economic incentive and corporate real estate services firm specializing in data centers, has completed the renegotiation and disposition of a data center in Northern Virginia on behalf of a Fortune 500 telecommunications company. The transaction will save the company over $20 million in lease expenses as a result of Site Selection Group’s negotiations.
“The complex data center lease transaction required support from four different parties with four very different agendas. In the end, we were very successful in far exceeding the desired goals of our client,” explained Michael Rareshide, Partner with Site Selection Group, who managed the negotiations. Michael leveraged his experience in completing hundreds of other data center and colocation projects across North America to achieve these results for the client.
About Site Selection Group
Site Selection Group LLC is a leading independent location advisory, economic incentive and corporate real estate firm providing solutions to corporations and communities across the world. Site Selection Group offers four core services to our customers: Location Advisory, Economic Incentive Services, Corporate Real Estate services and Economic Development Consulting. Site Selection Group's mission is to align the needs of corporations with the optimal locations in order to provide the absolute maximum economic benefit. For more information, visit: www.siteselectiongroup.com.