Provide a more desirable space layout and finish level for staff.
Remain budget-conscious.
Secure expansion options.
Challenge
CPM required additional square footage to support its growing business during the first 12-18 months of the new lease term.
CPM wanted to be in an urban area with quick access to retail offerings, without paying the lease rates in Class A office buildings in and around The Arboretum and The Domain.
Strategy
ECR helped the client evaluate numerous property options in the Northwest submarket, and one of the recommended properties was Stonelake 1-5, which was recently acquired by Riverside. We knew Riverside had plans to overhaul the buildings (both interior and exterior) and would be turning over spaces to new tenants.
We quickly secured lease terms and became one of the first new tenants at the property.
Jason and Haley did a phenomenal job educating us on the state of the Austin market, helping us find the best possible space with the available inventory, and assisting us with negotiating favorable terms with respect to our lease agreement. They were thoughtful with responses, quick with their communication, and always willing to assist in helping us make decisions. I would enthusiastically recommend them for any company regardless of size.
Josh Vandebunte
Vice President of Finance
Jason and Haley were true partners from our first tour through the signed lease. They helped us think clearly through our options, ran a disciplined and competitive process, and gave us sound advice at every turn. The result is a great space on terms we feel very good about, and I’d recommend them without hesitation.
Anton Cordes
Chief of Staff
Results
CPM secured a turn-key construction space (no out-of-pocket construction costs for the client) with favorable terms and expansion options.
