VIENNA, VA – Cresa Washington DC, a corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated services, announces today that it has negotiated on behalf of Personify Inc. (formerly known as TMA Resources Inc.) in the renegotiation of its Vienna headquarters.
In this new long-term deal, Cresa Washington DC Principal Jon Olmstead and Managing Principal Tom Birnbach represented Personify in a restructure of its lease terms for 30,000 square feet at 1919 Gallows Road, a property owned by Tishman Speyer.
“We’re extremely pleased to have assisted Personify in the execution of a new amendment for its Vienna headquarters,” Olmstead says. “After close to a year of due diligence and an evaluation of the outside market, Personify elected to remain within the Tishman Speyer property and lower its occupancy costs a year-and-a-half in advance, while attaining monies to upgrade its work environment. Personify was comfortable remaining a tenant within the existing premises for the long term.”
Founded in 1996, Personify delivers the software, consulting, interactive Web and cloud hosting solutions that help leading associations and other non-profit organizations optimize relationships to achieve sustainable success. In August of this year, TMA Resources announced that it had changed its name to Personify to underscore that the company helps its clients optimize relationships.
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Strategic Planning, Workforce and Location Planning, Subleases and Dispositions, Portfolio/Lease Administration, Capital Markets, Sustainability, Industrial/Supply Chain and Facilities Management. With more than 55 offices, Cresa is North America’s largest tenant representation firm. Through its partnership with Savills, one of the world’s largest commercial real estate services firms, Cresa covers more than 255 locations in 40 countries. Cresa Washington DC exclusively serves tenants through its offices in Bethesda, the District of Columbia and McLean. For more information, visit www.cresa.com.