Case Study

Zak Companies

Office & Medical - Tenant Representation

Zak Companies
Barrett Woods
13545 Barrett Parkway
St. Louis, MO 63021

Assignment Overview

  • Survey the Manchester, Des Peres, and South County markets for comparable buildings for lease and purchase
  • Analyze financial benefits of relocation vs. renewing, including lease vs. purchase comparison

Result

  • Three year renewal in current location
  • Reduction of rental rate, saving Zak Companies over $80,000 over a two year period
  • A $200,000 allowance that can be used towards improvements or free rent
  • Base year reset, resulting in $52,000 of operating expense savings over term
  • Total savings of $332,000