Success Story:

Success Story: FirstData

Maitland, FL

120,000 SF

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Client Objectives

STAR Systems, Inc. (currently First Data) is the largest ATM network in the United States. They are a diversified company engaged in electronic funds switching, terminal driving, point of sales transactions and credit/debit card production.

STAR retained Cresa Orlando for the consolidation of its Central Florida offices and national data center and analyzing the differences between owning and leasing. All options were to be considered including design build, purchase, build to suit, sale leaseback, synthetic lease and existing building operating lease.

Results

Based on capital outlays and the condition of the rental market, STAR opted for a build to suit. Careful consideration went into finding properties which met their timing, locational, cost, infrastructure and space needs. A build to suit gave STAR a blank sheet of paper, allowing for specific needs including redundancy of power and telecommunications, access, parking, security, expansion, favorable exit strategies and below market costs.

Additional Assignments

City, State

Building

Transactions

Square Feet

Altamonte Springs, FL

Northlake

1

3,088

Atlanta, GA

Technology Park

1

13,747

Birmingham, AL

Barbour Building

1

1,551

Columbia, SC

Atrium Stoneridge

3

12,012

Dallas, TX

Las Colinas Executive Center

1

444

Eatonville, FL

Doster/Shaw Building

1

6,750

Maitland, FL

Maitland Forum

12

76,200

Maitland, FL

Maitland Colonades

4

37,542

Reston, VA

Reston International Center

1

8,760

St. Louis, MO

Woodcrest Executive

1

2,239

Totals

26

162,333