
Client: Xcel Energy
Business: Corporate
Services: Strategic Analysis & Planning, Lease Negotiations, Property Transactions
Project Size: 95,000 sf lease
Xcel Energy
Project Objectives:
Consolidate employees from three buildings into a renovated headquarters building and new leased space.
Challenges:
Coordinate the sale of one building and locate competitively priced leased space near the renovated headquarters.
Unique Solution:
Nelson, Tietz & Hoye negotiated the building sale and successfully relocated the executive team to the company's headquarters with the balance of the staff less than two blocks away in leased space. The leased space allowed flexibility for fluctuation in space needs. Since the initial transaction, Xcel Energy has leased additional space, bringing the total amount under lease to nearly 145,000 square feet.