Asset Marketing Services - 24.29% savings
The Situation
- Asset Marketing Services (AMS) was looking for help to renew their lease. Occupying approximately 83,355 square feet, they realized the market was in their favor and wanted to take advantage of existing market conditions.
- Two local brokers were considered, but Gannett Peak Partners (GPP) was ultimately hired because of their market intelligence, expertise and creative fee structure.
The Approach
- AMS was growing rapidly. GPP listened to their goals and developed a strategic real estate approach that paralleled their long-term plans.
- GPP completed a lease review and provided a preliminary market review of all lease options for AMS to consider.
The Solution
- AMS achieved leverage with the existing landord by having two proposals on hand and available for comparison analysis.
- Direct negotiations with the landlord began with a mutual understanding that renewing the AMS lease and expanding in their existing building was the best option.
The Result
- AMS renewed their lease and expanded their space while decreasing their rent by more than 20%.
- GPP saved AMS time and money while AMS could focus and continue to grow their core business.
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