Success Story: FirstData
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.
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.
Altamonte Springs, FL
Las Colinas Executive Center
Reston International Center
St. Louis, MO