Case Study

MateriaLogic

Office & Medical - Tenant Representation

Forms Distribution Corp.
d/b/a Materialogic

Assignment Overview

Renegotiate office/warehouse lease representing 344,419 square feet

Challenges

Unresponsive Landlord unwilling to consider any concessions
Tenant’s lease obligation in excess of two years
Nature of Tenant’s business requires ability to flex in and out of the space

Result

  • Immediate rent reduction of $405,671 for the first year of lease
  • Locked in fixed rents and operating expenses for a long term
  • Overall improvement to Materialogic bottom line of $3,958,566 over a new five (5)year lease term as compared to first landlord’s proposal