Case Study: Just Energy achieves seamless post-acquisition consolidation and maximized sublease recovery with Cresa

Managing Consolidation After an Acquisition

Just Energy, an energy firm in Houston, faced consolidation after acquiring another company and engaged Cresa for transaction management. The client needed to expand and extend its existing 27,136 sq. ft. headquarters to accommodate the acquisition and to dispose of the acquired firm’s former office via sublease.

Cresa negotiated a renewal that expanded Just Energy’s Galleria headquarters by 19,281 sq. ft. and extended the lease term by 10.5 years while capturing a more tenant‑favorable rental rate, then secured a tenant for the acquired 34,132 sq. ft. Greenway Plaza sublease. As a result, Just Energy consolidated into its current space and maximized recovery on the unneeded sublease space.

Just Energy