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SUCCESS STORY
                           NEGOTIATIONS WITH LOCAL GOVERNMENT OFFICIALS RESULTED IN AN ESTIMATED $13
                           PER SQUARE FOOT SAVINGS IN TAXES

                           CHALLENGE                                          SERVICES
CLIENT                     Qwest, a national fiber optic communication        After receiving competitive bids from
                           company, needed to locate and open a               contractors and developers, Jim continued
Qwest                      network operation center near its buried           working closely with the client throughout
8180 Green Meadows Dr.     cable. They also had the specific need of          construction. He also went to bat for Qwest
Lewis Center, OH, USA
                           finding a product that was N+2 redundant,          during negotiations and met with state and
                           able to complete tenant improvement within         local officials to complete the transaction.
TEAM                       120 days and operational in 180 days.
                                                                              RESULTS
James Corbett, CPM, CCIM
                           STRATEGY                                           Negotiations with local government officials
STATISTICS                 Location analysis was necessary to target an       resulted in an estimated $13 per square foot
60,000 SF, high bay        optimal site keeping the following factors in      savings in taxes. The savings from ten-year
industrial building able   mind: connectivity, rental rate, operating cost,   real estate and property taxes exceed the
to withstand natural       tax incentives and the developer’s ability to      cost of rent and operating expenses and
disasters.                 deliver the building on time.                      equal more than $8 million in tax savings.


www.colliers.com




Accelerating success.

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Case Study Qwest

  • 1. SUCCESS STORY NEGOTIATIONS WITH LOCAL GOVERNMENT OFFICIALS RESULTED IN AN ESTIMATED $13 PER SQUARE FOOT SAVINGS IN TAXES CHALLENGE SERVICES CLIENT Qwest, a national fiber optic communication After receiving competitive bids from company, needed to locate and open a contractors and developers, Jim continued Qwest network operation center near its buried working closely with the client throughout 8180 Green Meadows Dr. cable. They also had the specific need of construction. He also went to bat for Qwest Lewis Center, OH, USA finding a product that was N+2 redundant, during negotiations and met with state and able to complete tenant improvement within local officials to complete the transaction. TEAM 120 days and operational in 180 days. RESULTS James Corbett, CPM, CCIM STRATEGY Negotiations with local government officials STATISTICS Location analysis was necessary to target an resulted in an estimated $13 per square foot 60,000 SF, high bay optimal site keeping the following factors in savings in taxes. The savings from ten-year industrial building able mind: connectivity, rental rate, operating cost, real estate and property taxes exceed the to withstand natural tax incentives and the developer’s ability to cost of rent and operating expenses and disasters. deliver the building on time. equal more than $8 million in tax savings. www.colliers.com Accelerating success.