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Cres Solutions
Cres Cres

Success Stories

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Success Story - Municipal Accounts and Consulting


Savings: Able to occupy and pay on 58% of space now, add on to it in 24 months.

 
Issues
:

  • Ready to execute 5 year deal when their square footage needs to be abruptly changed with only about a month remaining on existing term.
  • Could sublet, but needed a guarantee regarding sublet language.

Results:

  • Structured non-disturbance agreement with landlord honoring all terms of sublet.
  • Locked in below market rates for both parts of the deal.
  • Abated gross rent offset moving costs.
  • Will be able to expand without moving while taking advantage of today's "Tenant's Market" pricing.






“Molly Anderson and the team at CRES significantly increased the amount and scope of improvements the Landlord had originally proposed, reducing our out of pocket expenses for build-out.  Their thorough and energetic approach reflected their market knowledge and commitment to their clients.”    

-Van R. Hoisington, President and Chief Investment Officer

 
 
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