Case Study: Hosting Data Centers achieves rapid, above‑market sublease and retained renewal options with Cresa

HOSTING - Customer Case Study

HOSTING engaged Cresa in Dallas to help dispose of excess office space inside its data center facility. Using Cresa’s consulting services, HOSTING’s objectives were to sublease the space quickly for the best return while modifying lease language so renewal options could be retained (otherwise waived because the sublessor was keeping the data center).

Cresa negotiated an amended lease to preserve HOSTING’s renewal options and executed the sublease in five months versus a submarket average of 15 months, securing a rental rate above the asking price even after the space was remeasured at a higher square footage. The transaction delivered a faster exit and stronger financial terms, meeting HOSTING’s timing and revenue goals.

HOSTING

Rada Flam

Sr. Director of Data Center Operations