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Challenge
The client had very aggressive growth requirements, but no process or
knowledge of a strategy to achieve such needs.
Strategy
A well known space planner that I have partnered with before on similar
requirements was brought into the team. Together we architected not
only a long range infrastructure requirement, but also a critical path
timeline in order to achieve such milestones.
Result
A master lease of an entire building, 35,000 square feet,
with the client initially occupying the first floor, and a
strategically-planned sublease of the entire second floor. The subject
building was in the early stages of construction when we entered
negotiations. This allowed the client complete control over future
growth, and it was completed without additional cost (i.e. all
transaction costs incurred in retaining subtenants for the second floor,
inclusive of brokerage and legal fees, were absorbed through the
difference in the client’s rents and the subsequent (higher) rents
obtained from the subtenants).
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“Jason Smith
helped Webforia find, negotiate, and close the ideal property for an
emerging high tech company. We set out requirements for a property
that would provide a working space that would house our current
employee base, be a place that could provide a recruiting advantage,
and would also provide room to grow. In addition, we were looking
for signage that would provide high visibility for the company. The
market was at 2% vacancy and yet Jason exceeded our expectations.
He took time up front to really understand our requirements,
including creating an upfront blueprint of our ideal layout. He not
only came back with some great options but found a property that
exceeded our requirements and helped us negotiate a price and terms
better than we thought possible. He also worked with us to have a
professional interior designer create a work environment that was
perfect for our employees. Jason's professionalism and attention to
detail made him immediately stand out from the crowd and I highly
recommend his services.”
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