NPI LLC, Fast Growing "Spend Management" Firm, Expands Offices in Midtown Atlanta
NPI relocates corporate headquarters to the Proscenium building.
Press Release, May 22, 2009
ATLANTA – CresaPartners, the largest pure tenant representation firm in North America, represented NPI in the relocation and expansion of its corporate headquarters to a 12,968 square feet office in the Proscenium building, located at 1170 Peachtree Street, Atlanta, Georgia, 30309. Andrew Waguespack, Vice President, John Flack, Vice President, and Richard T. (Bubba) Chrismer, Principal, of CresaPartners, represented NPI in the transaction.
NPI, a premier spend management advisory firm that helps companies reduce technology and transportation spending, recently announced that it has added more than 50 new companies to its client portfolio, despite a sluggish economy. The firm also reports it has saved companies more than $400 million in technology and transportation spending in the past year. As the recession puts pressure on companies to reduce spending in critical areas, like transportation and technology, more companies are turning to third-party spend management firms like NPI to achieve substantial savings.
“NPI is an expert at helping major corporations save money on their technology and transportation purchases,” said Jon Winsett, managing partner at NPI. “CresaPartners offers this same type of expertise to office space users, so we relied on them to help us find an appropriate and economical solution to our real estate needs.”
“After extensive analysis, the sublease space at Proscenium was the most cost-effective alternative to maintaining NPI’s Midtown presence while allowing for its exponential growth,” said Andrew Waguespack of CresaPartners. “The prestigious location, Class-A environment, and exceptional amenities, as well as opportunity for future expansion, were available at a very reasonable price.”
Richard Courts, Carter & Associates, represented Acuity Brands, the original lessee, and Rick Strom, Leasing Manager, represented Manulife Financial, the owner of Proscenium Center. Midtown Proscenium Center is located in the heart of Midtown at the prestigious corner of Peachtree Street and 14th Street. The 24-story building offers 528,000 square feet of Class-A office space, and since its completion in 2001, has attracted an impressive list of high-profile tenants.
About NPI
NPI is a privately-held company that provides expertise for its customers in implementing rigorous processes for making sound spend management decisions. Using a combination of market experts and proprietary methodologies, NPI provides insights into a variety of traditionally difficult spend management categories – information technology, telecommunications and transportation – to ensure that expenditures and operating expenses are in-line with current market conditions. NPI leads this emerging best practice, offering procurement expertise, a fair market value database, and experience from both sides of the table with quality and integrity. For more information, please visit www.npifinancial.com.
About CresaPartners
CresaPartners 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, Relocation Planning and Management, Strategic Planning, Site Selection and Incentives, Subleases and Dispositions, Lease Administration, Capital Markets, and Facilities Consulting. With more than 50 North American offices, CresaPartners is the largest pure tenant representation firm in the U.S. and
Canada. Through a partnership with Atisreal international real estate group, CresaPartners is a member of one of the leading real estate organizations in the world, covering 35 countries. For more information, visit www.cresapartners.com.