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Success Stories
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![[name]](p/story_big/metrostudybldg.jpg) |
Success Story - Metrostudy
Savings: 26% off of the market rates, no exposure on build-out costs, and a 2-year exit strategy
Issues:
- Desire to purchase and occupy an office building but they faced a seller's market
- Leasing required flexibility and an exit strategy to take advantage of the market when it turned
- A majority of available properties were new construction, which necessitated signing a 5-year lease commitment
Results:
- Comprehensive search located an older office building that needed a complete interior refurbishment
- Negotiated a 3-year lease and turnkey build-out, which ended up costing in excess of $20/SF
- Negotiated a termination option that could be exercised after 24 months of the lease term
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“CRES was very thorough in their search for space, meeting our criteria and negotiating very favorable rates. Their analysis of the lease language was very important and they made certain that our interests were protected with several modifications to our benefit."
-Steve Streetman, CEO/President
The Littleton Group
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