Tenant Representation

CRESCO Real Estate negotiated the transaction for a build-to-suit, new campus for the Client under a price point set by an existing Class “C” building. The lease transaction included substantial rent abatement, above-market improvement allowance and expansion opportunity delivered in 270 days.

Approach

• Worked with the Client and developer to create and maintain a timeline.
• Negotiated a temporary space need within a 30 day timeline.
• Expedited a timeframe of under nine (9) months from execution of a lease to deliver a Class “A”, state of the art Education/Office facility.
• Overcome obstacles of high parking density, limited time frame, temporary space need, signage issues, zoning and a need for growth on an unlisted parcel.

Results

• Rezoned the parcel with the signage, traffic lighting and parking requirement fulfilled.
• Finalized a deal for an approximately 50,000 square foot Class “A” building with a nine (9) acre site offered as additional land for expansion.
• The ten million dollar lease was completed in nine (9) months and on budget.