Andesa Services Renews HQ Lease in Allentown

Oct 18, 2020

More than 30 years ago, Andesa Services began as a pioneer in the field of corporate- and bank-owned policy administration. Today they are a leading provider of integrated, cloud-based solutions for life insurance and annuity carriers and providers.

Andesa engaged Gola to assist with their goal of relocating and expanding their Lehigh Valley headquarters. Then the COVID-19 pandemic hit, causing the company to reassess their real estate needs.

When the company’s focus shifted from relocation and expansion to agility and reducing real estate costs associated with a 24,000-square-foot lease at 6575 Snowdrift Road, we negotiated a short-term extension that resulted in lease term flexibility and a significant and immediate rent reduction. Negotiations also achieved an above-market tenant improvement allowance that allowed Andesa to make physical adjustments to the workplace that promoted safe re-entry for employees.

As a value-added service to exclusive tenant representation, Gola’s Kim Kelley integrated project management tasks associated with space planning, budget for improvements, and construction oversight.

CITY

2001 Market Street, Suite 2550
Philadelphia, PA 19103
800-794-4652

SUBURBAN

2490 Boulevard of the Generals, Suite 100
Norristown, PA 19403
610-631-0333

FOLLOW US

© Coyright 2022 Gola Corporate Real Estate. All rights reserved.

Pin It on Pinterest

Share on Social Media

Share this post with your friends!