King & Spalding
King & Spalding Office Case Study
Secured lease extension for King & Spalding’s growth-aligned remodeling plans.
Opportunity
Cushman & Wakefield Core were appointed to secure a lease extension to support accounting requirements, enabling King & Spalding to proceed with space remodelling plans aligned with anticipated headcount growth.
Approach
King & Spalding held an unexpired lease term of 2.5 years but required a minimum remaining term of 5 years to obtain internal approval for their planned office remodelling.
Solution
We successfully negotiated a 2.5-year lease extension, with the revised rent—effective after the original lease term—set at 10% above the current passing rent, yet still approximately 10% below prevailing market rates.