Richards Barry Joyce & Partners

Since 1976, LTX Corporation has been designing, developing and marketing advanced test solutions for the semiconductor industry.

Requirement:
Engaged RBJ to eliminate 110,000 SF of excess space at current worldwide HQ

Solution:

Aggressive sublease campaign to dispose of excess space.
Creative problem solving by RBJ – Identify a local prospect and buyer of their building.

Result:

LTX’s lease terminated and new lease at 825 University Avenue.
Net savings of $23,000,000 over 10 years.
56,000 SF, 10 year lease at appealing market rates will help reduce corporate real estate expenses.