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Cres Solutions
Cres Cres

Success Stories

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Success Story - Congress Avenue Services


Savings:   $36,862 *6.19% on overall NER $ 5.26% on gross up * Capped Fees *  6 months abated rent * 50% on Sublet profit * 5% cap on Opex

Issues
:

  • Client had very little time left on current least
  • LL would not negotiate with our agent
  • Client needed to be able to sublet a portion of the space to grow during the lease term.
  • Cliend didn't want to have to redesign the space, but wanted to move.
Results:
  • The Chase Tower location fit them PERFECTLY! They even purchased a lot of the furninture already there.  That makes the move a bit easier.
  • OpEx factored in at 105%, we got it down to  100% - grossed up and capped at 5% increase per year max based on ACTUAL  OpEx
  • 2 months of abated rent if he is relocated w/in the first 4 years of term
  • New Suite MUST look like the current suite if they are moved, including cut outs.
  • Allowed TI to go toward purchase of furniture & any and all moving costs
  • Access to space 2 weeks prior to moving in at no cost
  • Can sublet up to 30% of space w out LL's approval of who he is leasing it to

"CRES' attention to detail and aggressive follow-up, together with their in depth knowledge of the Austin market, makes them one of the leading commercial real estate firms in the area.  I would strongly recommend CRES to anyone needing their outstanding services."

-Kerry N. Cammack, Managing Partner
Cammack & Strong, P.C.

 
 
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