Case Study

Star Manufacturing, Inc.

Office & Medical - Tenant Representation

Star Manufacturing, Inc.,
a Middleby Corporation

Assignment Overview

Renegotiate office/warehouse lease representing 48,191 square feet

Challenges

  • Unresponsive Landlord unwilling to consider any concessions
  • A number of issues with Tenant’s occupancy including space configuration and HVAC issues
  • Unique space that dictates above market rents

Result

  • Rent reduction of $545,000
  • Operating expense savings of $237,000
  • Turn-Key tenant improvement allowance
  •  Locked in fixed rents and operating expenses for a long term
  • Overall improvement to Star Manufacturing, Inc. bottom line of approximately $1,000,000