Case Study

The Clearing House Payments Company LLC

TAMI, Professional Services, Financial Services, Legal

Savills Brings Accruent’s Multiple Austin Locations to One Ideal Live-Work-Play Global HQ

CHALLENGE

The Clearing House Payments Company LLC (“Clearing House”) clears and settles more than 65 million transactions with a total value of $2 trillion each day, which is nearly half of the daily fund transfers and check image payments in the United States. Clearing House’s executive office and data center were in a building about to undergo a major renovation which would be disruptive and potentially dangerous to their critical infrastructure and technology systems. In addition, the renovations and upgrades to the building would have priced Clearing House out of the building upon their lease expiration several years later.

SITUATION

Savills was retained to analyze the market and find a way to relocate both the executive offices and data center which were currently within their space. After examining both the downtown and midtown markets, Savills uncovered a strategy to keep Clearing House within the Brookfield Properties portfolio and to exact the most favorable exit scenario.

RESULTS

Savills was retained to analyze the market and find a way to relocate both the executive offices and data center which were currently within their space. After examining both the downtown and midtown markets, Savills uncovered a strategy to keep Clearing House within the Brookfield Properties portfolio and to exact the most favorable exit scenario.