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Cummins - Case Study

 


cummins

 


Strategic Alliance In support of  Corporate Real Estate Services

       
        Services

  • Binswanger acts as Cummins’ primary supplier worldwide, including the Americas, EMEA and Asia Pacific
  • Binswanger provides to Cummins the following:
    Strategic Advisory Services
    Transaction Management
    Project Management
    Lease Administration

       
Sampling of Recent Activities

  • Created a policies and procedural manual for all Real Estate Services, standardized executive management, project management reporting, cost savings and value-added reports
  • Saved over $1M on a early renewal on a distribution warehouse in the South East US
  • Eliminated $43M in Insurance Risk Exposure on a building sale in Indiana
  • Renegotiated an expired lease that had lapsed, and in doing so eliminated the 200% holdover and at a lower rent than the existing term
  • Currently working on over 15 assignments globally
  • In working with the Cummins Corporate Real Estate Group together we have created enough “buzz” that the group has since been moved from 3rd tier reporting in the Finance chain to a direct report to the Chief Legal Counsel