Our client had outgrown space and lease was about to expire. Landlord not willing to extend lease or offer additional space since building was in process of being sold and building was enjoying high occupancy. Landlord also had another tenant that wanted our client’s existing space.
Bayshore Partners Solution
Worked with the President of the building rep firm vs the local agent to expedite negotiations and relocate to another suite moving from 2000 sf to 2500 sf.
Tenant was able to holdover at same rate in old space while Landlord made construction improvements to the new space. Intuitional buyers approved all terms. No increase in the per square foot rate.