The company had committed to the space for another three years, so they turned to Bradford Allen in an attempt to find a scalable solution at their existing location that would accommodate their high potential for growth.
In order to create a competitive environment for their tenancy, we quickly engaged the market, identifying three viable alternatives–buildings that could more than satisfy GrubHub’s unique requirements. (For these options, their remaining lease obligation was packaged as a “pick-up” item as part of the transaction.) Recognizing the value of GrubHub as a marquee tenant, the existing landlord was compelled to clear two non-contiguous floors to enable the necessary expansion.
GrubHub agreed to bifurcate their space, exploiting the price differential between the lower floors and their existing occupancy—the disparate nature of operations on each floor minimized the impact of this separation. Bradford Allen then negotiated a dedicated elevator to efficiently move GrubHub’s employees between floors, fostering continued collaboration and productivity throughout the workplace.
As the company continued to thrive, a second and third expansion saw the negotiation of three additional floors, more than doubling the size of their original footprint. In 2019, GrubHub secured yet another floor, bringing their total tenancy to 170,468 square feet.