|
Project Outline
GVA Kidder Mathews’ was hired by Titus to
completely reevaluate their real estate needs and to negotiate for a new
location or renew their lease if appropriate. Titus is a heavy
manufacturer of small plastic and metal parts for the furniture
industry. Their manufacturing space incorporated multiple plastic
extrusion machines and metal forming equipment. Certain temperatures,
lighting, and ventilation must be maintained and heavy electrical
sources and distribution are required. 50,000 square feet with 5,000
square feet of office was needed.
Doug used the GVA Tenant Services System
to evaluate, process, and negotiate the new terms. Most time was spent
on the first step of the system which is to interview managers,
engineers, and to document present and future space requirements. This
is done before touring to ensure we are visiting appropriate facility
alternatives. It also ensures that we submit correct proposals and
receive back results that we can compare on an apples to apples basis.
After receiving proposals from five candidates, it was determined that
the most cost effective alternative was to renew at their current
location.
Services Provided
Result
Oakesdale Business Campus is a huge
success. Although Titus did not eventually relocate, the new terms that
Doug Klein negotiated for their renewal resulted in a 15% discount from
their previous rental amount including incentives, remodeling allowance,
and rental discounts.
|
Oakesdale Business Campus
Kent, Washington
|
