SunGard Data Systems Inc.
Transaction Management, Strategic Planning, and Lease Administration
SunGard is one of the world’s leading software and IT services companies. As a global leader in software and processing solutions, SunGard assists institutions such as financial services, higher education and the public sector. SunGard also works with information-dependent enterprises of all types to ensure business continuity. Their clientele includes the world’s 50 largest financial services companies.
Newmark Knight Frank Smith Mack began working with SunGard in 1986 when the company was a spin off from a division of Philadelphia-based Sun Oil Company. As SunGard grew, often via acquisitions, Newmark Knight Frank Smith Mack continued to service the account and execute the company’s multi-market transactions. As the portfolio grew, Newmark Knight Frank Smith Mack also took on the management of SunGard’s real estate portfolio including lease administration and portfolio transaction management.
Newmark Knight Frank Smith Mack with the assistance of its partners around the globe now delivers these services to 350 active lease locations, and provides transaction and project management services.
Full-service outsourced real estate function
- Administer 4,000,000 SF in web-based management tool
- Transactions on approx. 219 locations
- Expirations, renewals, consolidations
- Acquisition real estate due diligence
Management reporting – major KPI’s we track:
- Total SF
- Occupancy costs/person
How Newmark Knight Frank Smith Mack Added Value:
Newmark Knight Frank Smith Mack’s preferred provider relationship with SunGard exemplifies the unlimited scope of corporate real estate services which can be provided, both through local, personalized relationships.
Newmark Knight Frank Smith Mack has now completed over 219 transactions on behalf of SunGard including multiple consolidations such as:
▪ 76,000 SF – London
▪ 40,000 SF – Frankfurt
▪ 25,000 SF – Toronto
▪ 120,000 SF – New York City