Client Case Study · HomeWorks Energy

$567,000 in net savings. Eight months to payback.

A meticulous lease audit and data-driven relocation strategy transformed an inflexible, above-market obligation into a right-sized headquarters with dramatically lower costs.

Explore the strategyDownload original case study
$567KNet savings through October 2028
35%Annual occupancy-cost reduction
$1.4M+Future obligations avoided
8 mo.Termination-fee payback
01

The challenge

HomeWorks Energy occupied an oversized Medford headquarters under a long-term sublease with above-market rent and scheduled increases through 2028.

  • Rent escalating from $40 to more than $42.50/SF
  • Inefficient space for an evolving hybrid-work model
  • More than $1.4 million in future rent obligations
  • Limited flexibility without substantial penalties
02

The process

WRA audited the amended lease and uncovered a critical termination right. Financial modeling showed that paying the $192,950.44 exit fee would materially outperform remaining through 2028.

WRA then managed the termination process, surveyed Class A alternatives, and negotiated a 7,505-square-foot lease at 529 Main Street in Charlestown.

03

The result

The Schraffts Center space delivered a right-sized layout at $25/SF, favorable escalation terms, and 20 included parking spaces.

The fee was recaptured through rent savings in eight months, with $567,000 in net savings projected through October 2028.

Deal Snapshot

From an inflexible obligation to operational agility

Client
HomeWorks Energy
Former location
11,168 SF at 101 Station Landing, Medford
New location
7,505 SF at 529 Main Street, Schraffts Center, Charlestown
Former rent
$40+/SF, escalating to more than $42.50/SF by 2028
New rent
$25/SF with favorable escalation terms
Services
Tenant representation, lease audit, site selection, market analysis, financial modeling, deal structuring, termination guidance, and drive-time analysis
Measured Results

Lease intelligence converted into measurable value

WRA combined detailed lease review, scenario modeling, and market negotiation to reduce fixed expenses while preserving a Class A environment and future flexibility.

$567,000 in net savings through October 2028
35% lower annual occupancy costs
More than $1.4 million in obligations eliminated
Termination fee recaptured in eight months
20 parking spaces included
Right-sized layout aligned with hybrid work

Is there hidden leverage in your lease?

WRA reviews lease obligations, termination rights, market alternatives, and financial scenarios to uncover options that may not be obvious at first glance.

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