16.7M sq. ft. of space managed globally & advised on transactions of 5M sq. ft. of space
IFM savings to date total more than $10.6M
U.S. & Puerto Rico, LATAM and APAC regions
In 2015, a global medical device manufacturer with a 120-year history and an expanding international footprint enlisted JLL’s support to manage real estate transactions across its growing portfolio. In the years since, this partnership has evolved to include a facilities management program focused on standardizing best practices and reducing costs.
In partnering with JLL, the company's real estate and facilities teams have successfully navigated various challenges to support the organization’s core strategy of improving patient outcomes, reducing the cost of care, expanding access and enhancing the operations of its customers around the world.
Rising to the challenges of managing a complex life sciences real estate portfolio
As the organization continues to grow its global footprint and integrate newly acquired companies, they found that managing numerous office, research and development (R&D), manufacturing and distribution facilities has become increasingly complex. Meanwhile, the company also faces market pressure to lower costs, improve compliance and advance sustainability goals.
To address the real estate challenges associated with its growth, the organization partnered with JLL to create a “One Team” approach across disparate business units, locations and departments. This approach by JLL includes:
Advising the firm on transactions totaling more than 4 million square feet and 90 acres in North America, as well as more than 1.6 million square feet throughout the rest of the world.
Assistance in managing the company’s expanding real estate portfolio by conducting consulting studies to determine where it makes sense to consolidate locations or locate new manufacturing facilities.
Amid intense demand for high-quality research space and amenity-rich workplaces, JLL’s relationships with landlords have helped this partner secure space and achieve favorable pricing in competitive life sciences markets including Silicon Valley and San Diego.
“The five-year IFM partnership with JLL has driven continuous improvement in safety, cost effectiveness and consistent performance throughout the company’s facilities, with total savings to date approaching $10.6 million.”