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


Pobierz VCard

Will McQueen
Will McQueen

Associate
Vancouver, Canada


Pobierz 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
Commercial Real Estate Technology
Omnicom Europe Limited
Learn More

Featured Services

Global Occupier Services (GOS)
Future-proof your portfolio. Create inspiring on-site experiences. Unlock the potential of your real estate.
Learn More
Valuation & Advisory
Cushman & Wakefield India is one of the leading International Property Consultants for providing Valuation and Advisory Services.
Learn more
Integrated Portfolio Management

Integrated Portfolio Management involves all aspects of lease management across client portfolios. We add value by partnering with our clients and embedding ourselves within their business, resulting in better negotiation outcomes and maximising value.

Learn More

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.

Cushman & Wakefield wykorzystuje pliki cookie do analizowania ruchu i oferowania naszym klientom najlepszych usług na tej stronie. Zamknij to okno, aby potwierdzić, że wyrażasz zgodę lub wejdź na tę stronę, aby dowiedzieć się więcej:
Informacja o plikach cookie

MORE OPTIONS
Wyraź zgodę i zamknij
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS