Case Study: Movado achieves cost-saving, NYC-style Paramus HQ renewal with Cresa

Cresa assists Movado in renewing Paramus HQ

Movado engaged Cresa to assist with the renewal of its Paramus, New Jersey headquarters (90,050 sq. ft.). Facing the choice to relocate or renew, Movado wanted to reduce costs while maximizing employee talent, upgrade to an NYC‑style open floor plan suited to a fashion brand, and secure appropriate work‑letter allowances and protections against future landlord uncertainty; Cresa provided transaction management and project management services to meet these objectives.

Cresa negotiated a renewal that reduced Movado’s footprint by roughly 9,000 sq. ft., secured the necessary work‑letter funding for space upgrades, and obtained legal language protecting Movado in the event of a landlord transition. The outcome delivered significant cost savings and concessions, ensured timely and appropriate space improvements, and met the client’s talent and operational goals.

Movado