Case Studies
Berry, Dunn, McNeil & Parker
-
4722 N 24th St.
Suite 480
Phoenix , AZ 85016
- Real Estate Type: Office
- Square Feet: +/- 4,005
Project Overview
- Lease expiring and need to renew
- In 10k SF and needed to downsize to 4k SF
Challenge
- Lender on existing building challenging to get deal done with
- Wanted short term renewal limiting us to spec suites or subleases only
Solution
- Previous relationship with lender and ownership enabled us to cut to the chase
- Existing building had a couple spec suites in our size range
- Was able to renew lease a few months early and below market rates
Results
- Dramatic savings over last few months of original lease
- Above market free rent and below market rental rate
- Relocated ahead of schedule
