$4 Million Lease Dispute Resolved

Client: 

Spherion, a $2 billion recruiting and staffing company providing temporary, temp-to–hire and direct-hire help, in addition to professional and executive recruitment, to a variety of fields including Accounting/Finance, Human Resources, Engineering, Legal and Technology.

Performance: 

Spherion engaged Galaxy Partners to evaluate its Atlanta landlord’s claim that Spherion owed $4+ Million in previously unbilled or incorrectly billed rent and operating expense escalations under Spherion’s 200,000 square foot Atlanta office lease.  Galaxy analyzed Spherion’s lease, prepared a 10–year financial analysis of all lease charges since inception of the lease, and successfully negotiated a settlement with the landlord.

Result: 

Galaxy negotiated a lease amendment settling all claims by the Landlord and saving Spherion over $3.8 million .