Valve Corporation

Aliso Viejo, California

Video Game Giant Hires New Talent and Expands Orange County HQ in Aliso Viejo

Project

New Office Lease

Industry

Video Game Developer

Size

9,000 SF

Location

Aliso Viejo, California

Challenge
Challenge

Valve was in the process of acquiring a local video game developer to hire new talent for its latest video game project. Valve’s existing office was too small and functionally obsolete. Its lease was expiring before it could relocate to a larger, more functional space.

Solution
Solution

We renegotiated the existing lease to eliminate the holdover rent penalty to allow time for Valve to relocate into a new space. Then, after researching the ideal location for attracting top employees, a brand new Class A building was identified that met all of Valve’s unique infrastructure requirements. We marketed Valve’s office space requirement to multiple landlords, including The Irvine Company, to create maximum negotiating leverage. This resulted in substantial lease concessions including turn-key creative office space improvements, at a rental rate 15% below fair market value, and project managed the tenant improvements, staying within the negotiated improvement allowance.

Results
Results

Valve’s new building provided the perfect environment for its specific operational requirements with plenty of expansion options. The high standard of features and amenities in its new space and the building proved perfect for recruiting the highest level of talent it desired.

“The leverage that VoitWorks created was very impressive, as were the lengths they went to in creating a cost-effective solution to a complex problem.”

Negotiated Concessions Include:

  • 6 months’ free rent

  • Turnkey creative office space tenant improvements

  • $2 PSF moving allowance

  • Free covered parking

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  • Synergy Creative Office Space

Synergy

Irvine, California

Marketing Company Upgrades to Class A Office Space in “Tenant’s Market”

Project

New Office Space Lease

Industry

Marketing

Size

3,200 SF

Location

Irvine, California

Challenge
Challenge

Synergy was leasing outdated and inefficient office space in a poorly managed, Class C building. The company was short of the time and expertise to address its office space problems. Not only was Synergy unaware of the opportunity to upgrade its workspace on a budget, it was skeptical of a favorable outcome.

Solution
Soution

After discovering VoitWorks would professionally manage the entire office leasing process at no cost and guarantee maximum time and money savings for our clients, Synergy engaged us to guide and protect it from unforeseen risk. We quickly evaluated Synergy’s space needs and researched out into the market to identify and compare suitable office spaces. We then leveraged negotiations on two buildings to secure multiple lease concessions, flexible lease terms, and a turnkey office space build-out. Finally, we project managed the tenant improvements, phone and furniture systems installation, and
the relocation process.

Results
Results

Synergy stayed focused on its business and was delighted with the upgrade: a seamless transition to a beautiful, move-in ready, creative workspace in a Class A office building, delivered on time and within budget.

“Thanks so very much!!! It takes a lot to move me, because I hate moving, but this is truly a really great move.”

Negotiated Concessions Include:

  • $1.79 PSF/MTH. average rental rate

  • 7 Months free rent

  • Turnkey tenant improvement allowance

  • $2 PSF moving allowance

  • Free parking

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