Andesa Services Renews HQ Lease in Allentown
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