CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}
NVI (image) National Vision Inc (image)

Discover how we never settle for the status quo when it comes to creating real estate solutions for our clients.

National Vision, Inc.

Proud Partners in National Vision's Success Story

01 The Opportunity

Back in 2005, National Vision, Inc. (NVI) observed changes in its business that created an opportunity to expand formats.This resulted in NVI acquiring America’s Best Contacts and Eyeglasses, which provided them with a well-established retail presence. The acquisition marked the beginning of an aggressive expansion plan for the company. Realizing they would need a partner experienced in efficiently opening new retail locations to realize their objectives, NVI engaged Cushman & Wakefield Global Occupier Services.

02 The Solution

Our GOS team collaborated with NVI to develop a comprehensive turn-key solution comprised of a suite of transaction management, design, and project management services. Our professionals have delivered full services to manage the process, from site identification assistance and negotiating LOIs through to the entire design phase, including project management of site details such as vendor management, permitting, signage and utilities.

Over the years, Cushman & Wakefield’s turn-key services have helped NVI to significantly reduce both the costs and time required to open a location. NVI has also gained ongoing value from our transaction management services, with notable savings produced by our lease renewal and renegotiation efforts.

03 The Results

Today, National Vision, Inc. is one of the largest and fastest growing optical retailers in the United States with over 1,100 locations and more than 12,000 employees. NVI operates five distinct retail divisions, including America’s Best Contacts & Eyeglasses, Eyeglass World, Vision Centers inside select Wal-Mart locations, and Vista Optical inside Fred Meyer stores and on select military bases.

Since 2005, Cushman & Wakefiled cross-service teams have played a proud partnership role in NVI's growth success, delivering solid results, including:

  • 700+ stores
  • 15% increase in speed to market
  • 550 ADA remodels completed in a six-month time period, including program management, design, GC selection, project management and project closeout

In 2018, our ongoing results included:

  • Completed more than 6,000 Facilities Work Orders, with a 96% Service Level Performance
  • Managed over $82 million in rent transmissions, with $350,000 in PLA invoice-review savings
  • New Stores: Successfully opened 74 America’s Best & Eyeglass World locations, with a 3.83 change order percentage, beating our KPI goal of 5%
  • Collected over $9 million in Tenant Improvement Allowance
  • PDS value engineering savings of $1.7 million, exceeding our $1-million savings goal
  • Completed 123 renewal transactions, achieving $274,000 in total free rent and $267,000 in Tenant Improvement Allowance, at an average annual base-rent adjustment of 1.38%

MEET THE TEAM

shannon koenigsdorf (image)
Shannon Koenigsdorf

EMD, Account Management
St. Louis, United States


Download VCard

Demetrios Skoumbakis Headshot.jpg
Demetrios Skoumbakis

Associate
New York, United States


Download VCard

MORE STORIES LIKE THIS ONE

Avaya (image)
Avaya • Technology
Financial Restructuring and Transformation
Learn More
calculator (image)
H&R Block • Tax Preparation
Twenty Years of Partnership and Results
Learn More
LOS MEJORES PROYECTOS A NIVEL MUNDIAL • Banking & Financial Services

Cushman & Wakefield is involved in some of the most iconic and relevant projects worldwide, offering solutions at all levels and within all of its service lines. Giving us a large scale business overview and experience and always with the aim of achieving the best results for our clients.

Featured Services

Global Occupier Services (GOS)
Future-proof your portfolio. Create inspiring on-site experiences. Unlock the potential of your real estate.
Learn More
Multifamily Advisory Group
Cushman & Wakefield’s Multifamily Advisory Group supports and empowers investors to make the most of their potential and maximize the value of their multifamily assets.
Learn More
Capital Markets

We advise institutional and private owners of real estate on the execution of some of the most significant transactions across the globe.

Learn more

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.

クッシュマン・アンド・ウェイクフィールドでは、トラフィックの分析および本ウェブサイト上でベストの体験をお客様に提供するためクッキーを使用します。このダイアログを閉じ、お客様の同意を確認されるか、詳細については次のページを訪れてください:
クッキー通知

その他のオプション
同意する
これらのクッキーにより、当社のウェブサイトが期待通りに動作することが保証されます。例えば、ウェブサイトのトラフィック負荷を当社のサーバー間で分散し、使用量が特に多いときにウェブサイトがクラッシュしないようにします。
これらのクッキーは、お客様が行った選択(ユーザー名、言語、居住地域など)をウェブサイトに記憶させ、より充実した機能を提供するためのものです。これらのクッキーは、広告に使用される可能性のあるお客様の情報を収集したり、お客様がインターネット上でどこにいたかを記憶したりすることはありません。
これらのクッキーは、当社がマーケティングパートナーと協力して、お客様が当社のウェブサイトに訪問する前にどの広告やリンクをクリックしたかを理解したり、当社の広告をお客様にとってより適切なものにするために使用されます。
すべてに同意する
すべてを拒否する
設定の保存