SINGLE POINT OF CONTACT FOR COMPREHENSIVE BROKERAGE, GLOBAL REAL ESTATE ADVISORY SERVICES AND PORTFOLIO MANAGEMENT

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TripAdvisor is the world’s largest travel site and one of Massachusetts’ best known consumer technology brands. In late 2012 TripAdvisor transitioned from a business unit of Expedia to an independent public company listed on NASDAQ. The company began rapid expansion through internal growth and through acquisition of entrepreneurial businesses across the globe, resulting in a 400% increase in headcount over 3 years.

We served as the company’s in-house real estate department during this high growth period, providing oversight on all real estate-related decisions. As the single point of contact between the CFO, business unit leaders, and outsourced service providers, we organized subcontractors under our master services agreement, and assembled a network of “best in class” specialists in each field to work with us to deliver results.

We procured new offices, terminated old leases, and subleased excess space in 40 offices in 15 countries.

We provided a full suite of real estate services to TripAdvisor and its subsidiaries, from leading the financial and site analyses, to formulating recommendations on real estate decisions, to negotiating the global real estate contracts, to ensuring branding consistency across sites, procuring consensus with the business leaders, and coordinating with AV/ IT and security compliance managers in the company.

We ran the business negotiation for the company’s new 280,000 foot build-to-suit headquarters campus in suburban Boston, which included branding the offices in a manner consistent with the vision of the CEO and Chief Marketing Officer. We directed the architect selection and the design process, procured tax incentives, and negotiated equity participation agreements and expansion rights.

We installed a tailored, cloud-based lease administration and portfolio management system with our partner, Exactus, and we oversaw the data integrity to ensure reliability to meet the company’s 10-K financial reporting, accounts payable, budgeting and forecasting needs. This portfolio management system provides the basis for annual budget forecasting, as well as strategic planning for the global portfolio.