The building was 89% vacant, with outdated configurations and finishes.
COVID-19 worsened office vacancies, intensifying competition in a low-performing submarket.
Ownership had created a large spec suite, posing a challenge due to smaller lease requirements and unwillingness to split the space.
Strategy
Implemented best-in-class marketing with professional photography and tailored materials.
Proactively communicated and collaborated with tenant representatives and landlords.
Presented multiple term options to engage the tenant and find solutions.
Provided strong recommendations based on market knowledge during negotiations.
Structured terms with a phase-in approach for the large spec suite, minimizing construction costs for the client.
Sean and Jason went above and beyond in facilitating a recent 17,000 SF lease transaction for one of my oldest clients. Even though my client switched gears on them several times throughout the process as they tried to figure out the best fit for them, Sean and Jason were professional and dedicated to getting the job done the whole way. They offered us several solutions and were eager to help solve our real estate problem. Their responsiveness and availability also made communication a breeze as one of them was always available to answer my questions.
I look forward to working with these guys again! They were a critical piece in getting this deal across the finish line.
Martin Burgess
Austin Office Space
Results
Leased 17,368 RSF to a full-floor user for a 5-year term with no additional construction costs.
Represents one of the largest office leases in the area’s recent history, enabling the creation of additional spec suites and aiding future leasing efforts.