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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.






"CRES proactively encouraged us to consider renewing our lease while we still had several years left on the current lease to take advantage of market conditions at the time. Their efforts allowed us to renew and extend our lease on very favorable terms. I highly recommend CRES."

-Jim Gdula, Business Manager
Central Texas Spine Institute, LLP

 
 
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