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)

Learn how we put our clients at the center of what's next

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

Executive Managing Director, Account Management
Saint Louis, United States


+1 (314) 813-9557

Vcard indir

Global Cities Americas Card
Research • Retail

Americas

Need information for your retail strategy beyond Fifth Avenue in New York or where to find luxury goods in San Francisco? Learn more in our Americas Global Cities Retail Guides.

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
Global Cities Americas Card
Research • Retail

Americas

Need information for your retail strategy beyond Fifth Avenue in New York or where to find luxury goods in San Francisco? Learn more in our Americas Global Cities Retail Guides.

Featured Services

Global Occupier Services (GOS)
Our Global Occupier Services team is supported by the latest technology and a global team that is dedicated to maximizing results.
Learn More
Global Cities Americas Card
Research • Retail

Americas

Need information for your retail strategy beyond Fifth Avenue in New York or where to find luxury goods in San Francisco? Learn more in our Americas Global Cities Retail Guides.
Research • Insights

Summary of 2018 on Poland’s regional office markets

Global real estate services firm Cushman & Wakefield has summarized 2018 on Poland’s regional office markets.
2/26/2019

CAN'T FIND WHAT YOU'RE LOOKING FOR?

Get in touch with one of our professionals.

Cushman & Wakefield bu web sitesindeki trafiği analiz etmek ve müşterilerine en iyi deneyimi sunmak için tanımlama bilgilerini kullanmaktadır. Bu iletişim kutusunu kapatarak izin vermiş olursunuz, veya daha fazla bilgi için bu sayfayı ziyaret edebilirsiniz:
Tanımlama Bilgileri Bildirimi

MORE OPTIONS
Kabul et ve Kapat
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