Kaplan Higher Education Corporation (KHEC)

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KHEC, one of the largest for-profit providers of postsecondary education in the United States, retained the services of Cushman & Wakefield | Grant Street Associates, Inc. for the purpose of handling the site search, proposal preparation and lease negotiations for the relocation of its Kaplan Career Institute facility in Downtown Pittsburgh, Pa.

APPROACH

This assignment involved extensive site location analysis over a period of 12 months, as well as, a two-person site search, lease proposal and lease negotiation team from Grant Street Associates in conjunction with the Cushman & Wakefield teams from Chicago and New York City

  • Evaluated tenant space needs for office and classroom space
  • Conducted a site search in and around the downtown area for facilities meeting tenant criteria, including:
    • Single occupant and multi-tenant buildings
    • Proximity to public transportation lines for student and employee access
    • Future growth opportunities
    • 24 properties initially considered; short-listed to four
  • Assisted C&W Chicago with the preparation of financial analyses
  • Provided general contractor and architect recommendations

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