Arrow Small

Client

International Software Company

Space

20,000 sq. ft.

Industry

Technology

Services Provided

Transaction Management

Cresa Office

client objectives and results

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Client Objectives

The Client leased half of the building and wanted to stay
Attempted to renew a lease but landlord was slow to respond
The location was in one of the hottest submarkets in Dallas
Rates were going higher as time passed

Results

Cresa utilized the Trepp database to review the debt status on the building
We discovered that debt on the building was coming due at the same time as our Client’s lease expiration
The negotiations became more of a financial negotiation than a market rent negotiation
Our client was able to secure an early renewal with below market terms.