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Bio

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Karen Ehrens is a seasoned real estate and finance professional with 4 years of experience in property management and 18 years of experience in corporate real estate, finance, and project management. She holds a Bachelor of Science degree in Business Administration and Management from Northeastern University.

Experience

    • Property Management - Corporate / Residential
      • 2020 - Present
      • Greater Boston
    • United States
    • Software Development
    • 700 & Above Employee
    • Director of North America - Real Estate and Facilities
      • 2013 - 2020

      Negotiated lease and sublease contracts, coordinated project management assignments for relocations and expansions, maintained company real estate database system, capital and operating budget forecasting, and finance reporting. Managed Facilities team at former Needham HQ campus and Ann Arbor, MI office. Contributed as member of global pre / post acquisition team. Coordinated all global real estate communications in absence of VP of RE for 18-month duration.Contributed as key leader on HQ relocation project (250K sf - Boston, MA) new construction. Move management leader, financial responsibilities for issuing Pos / tracking / vendor contracts, managing successful relocation on time within budget.• Completed average of 10-15 projects per year, managing portfolio of 40 offices leases / sublease. Spend of $18M / yr. over 1M square feet.• Conducted onsite market surveys and evaluated relocation criteria with local brokers, compiled geographic location data, headcount data / growth projections for site selection. Presented financial analysis for alternatives and recommendation to senior management. Facilitated communication with local business teams on preferred site selection. Timely coordination of relocation process, ensuring lease term compliance and minimizing budget impacts.• Facilitated RFP to hire exclusive global brokerage firm, working closely with selected strategic partner for managing North American real estate portfolio.• Led internal project management team for all office relocations, expansions, reductions or terminations. Coordinated weekly meeting updates with all contributors, keeping projects on budget and schedule.• Forecasted rent and capital budgets annually. Tracked monthly for accountability and enhanced accurate reporting on actuals.

    • Real Estate Project Manager, North America
      • 2002 - 2013

      Negotiated lease and sublease contracts, coordinated project management assignments for relocations and expansions, maintained company real estate database system, capital and operating budget forecasting, accounting reporting.• Key project management leader for 3 large HQ renovation projects in Needham, MA (320K sf campus). Project spend from $1M - $13M. Supported architects, outside PM firms, landlord, internal business leaders, IT, furniture and other vendors, completing all projects on time within budget.• Subleased excess HQ office space to 8 subtenants, overseeing business term negotiation, document review, move in coordination, lease administration, rent collection. Managed tenant improvement work. Subleasing income benefited cash flow by leasing out excess space.• Administered monthly rent run, including escalation billing review, approval and processing of all office service invoices thru Accounts Payable, ensuring timely response to comply with leases.• Managed company real estate database system with outside supplier, Costar and Lease Harbor software. Included monthly review and notifications of lease expiration / option / critical date reports. Timely response required to adhere to key lease options dates and changes in business requirements / sq. footage needs.• Compiled ad hoc reporting for HR and Accounting of all leases / subleases. Provided timely reporting for governmental agencies, 10K and 10Q statements.• Initiated negotiation / project management of 100K sf build-to-suit project in Blaine, MN. Expansion of facility 5 years later to add Training Center. Key location for US R / D and Tech Support.• Conducted weekly IT calls / excel report, communicating updates for all upcoming projects with IT team. Troubleshot issues, keeping project on track in real time.

    • Real Estate Consultant
      • 2000 - 2002

      Worked on two consulting assignments working on site for clients performing transactional office leasing for sales offices in North America. Clients were: Compaq Computer and Parametric Technology Corporation.

Education

  • Northeastern University

Suggested Services

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Industry Focus. “Real Estate”

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