Undertaking a space renovation or building improvement requires teamwork and a well-defined approach. Successful projects involve a three-tiered construction management approach that should add value, provide negotiating expertise, and manage details. See why Meissner’s construction management approach makes us one of the top commercial construction management companies.

Property Name:                               Farmers Insurance Building

Property Location:                          5280 Carroll Canyon Road, San Diego, CA 92121

Property Description:                    Office, totaling 32,051 square feet

Meissner  Commercial Real Estate Services was contracted by ownership to provide professional commercial property management services and oversight of construction management to the property located at 5280 Carroll Canyon Road, San Diego, in the highly sought-after submarket of Sorrento Mesa.

Client Requirements

The 32,051 square foot office building is comprised of three floors, two of which were occupied by a single tenant. The third floor was vacant and undergoing extensive renovations, where Meissner provided the construction management oversight. In addition to the space renovation, Meissner also oversaw various building improvements consisting of deferred maintenance items such as, roofing, HVAC, elevator and lobby modernization, paint, signage, and landscaping.

Process

Meissner provided construction management value to ownership through their knowledge of building products, building costs and construction techniques, and through their relationships with general contractors and subcontractors to ensure the best contractor candidates compete for the project.

Due to Meissner’s experience with negotiating millions of dollars’ worth of exterior and interior upgrades, including HVAC, chillers, boilers, landscaping renovation, signage, and property improvement contracts throughout Southern California, they understand that close, on-site supervision is required to verify that the products and quality negotiated are, in fact, utilized. Meissner diligently supervised all service providers to ensure that the space renovation and building improvements were completed according to plan and on time. Meissner is considered a major account to vendors and service providers and this purchasing leverage allows for better pricing negotiation and substantial cost savings, resulting in the ability to stay within budget.

Result

In order to achieve ownership’s objectives of obtaining full occupancy, maintaining operational excellence, and maximizing operating income, Meissner focused on completing the space renovation and building improvements on time and within budget by instituting cost effective construction management processes and adhering to the financial goals and parameters of the project to ensure maximum cash flow in both the short and long term.

Sources:

Meissner Commercial Real Estate Services