Tenant Representation | Case Studies

For a sample list of recent tenant representation transactions, click HERE.

For a sample list of tenants we have represented, click HERE.




Client: Midmark Corporation
Locations: Multiple throughout the United States
Assignments: Tenant representation and consulting services

Veterans Commercial Real Estate, vcre, brad ruther, veteran owned business, service disabled veteran owned small business, commercial real estate, brokerage
 

Since 2011, Veterans Commercial Real Estate (VCRE) has been privileged to serve as Midmark’s trusted real estate teammate, providing strategic tenant representation and consulting services for Midmark’s North American locations.


To date, VCRE has assisted Midmark with 16 lease transactions and 2 consulting assignments throughout the United States, totaling 472,452 square feet.

 

These assignments include: 

· Cincinnati, Ohio – 4,092 square feet office lease
· Tampa, Florida – several 1,344 square foot office leases 
· Los Angeles, California – 24,854 square foot office lease
· Glasgow, Kentucky – consulting assignment on an existing 63,702 square foot industrial lease
· Dayton, Ohio – 23,031 square foot office lease
· Chicago, Illinois – 42,514 square foot industrial lease       
· Versailles, Ohio – 63,990 square foot industrial lease
· Buffalo Grove, Illinois – 74,024 square foot industrial lease 
· Traverse City, Michigan – 10,523 square foot office lease

Total Transaction Volume: Over $19.3 Million

To download printable version, click HERE.



Client:
Cincinnati Eye Institute
Locations: Multiple within the Greater Cincinnati Region
Assignments: Corporate headquarters/medical office building acquisition, lease renewals, new lease transactions, and landlord representation

Veterans Commercial Real Estate, vcre, brad ruther, veteran owned business, service disabled veteran owned small business, commercial real estate, brokerage  

For over fifteen years, Veterans Commercial Real Estate has (VCRE) served as CEI’s trusted real estate partner, providing strategic tenant representation, landlord representation, and consulting services throughout Greater Cincinnati.


VCRE has completed over 40 transactions with CEI, totaling over 400,000 square feet of office and medical office space.

These transactions have ranged in size from 1,340 square feet to 115,000 square feet and include:

· 20 different locations
· 25 lease renewals
· 13 new lease transactions
· 1 landlord representation lease
· 1 corporate headquarters/medical office building acquisition  

Total Transaction Volume: Over $75 Million

To download printable version, click HERE.



Client:
Hubbard Interactive (formerly Bonneville International)
Assignment: Lease Renewal or Relocation

Veterans Commercial Real Estate, vcre, brad ruther, veteran owned business, service disabled veteran owned small business, commercial real estate, brokerage   Challenge: Hubbard needed to renovate their space or relocate to another building, while also reducing occupancy costs.

Solution: After examining other opportunities in the market, Hubbard decided to expand their space and renew their lease with their current landlord. Using current market conditions as leverage, we were able to reduce Hubbard's rental rate by over $3.00 per SF. This resulted in savings of approximately $800,000 over the 10-year lease term. We were also able to obtain a tenant improvement allowance of $20.00 per SF for Hubbard to renovate their 25,500 SF. We also negotiated an entirely new lease with the landlord that reflected very favorable terms for Hubbard. Lease value: $4,300,000.

To download printable version, click HERE.



Client: Paychex, Inc.
Location: Middletown, Ohio
Assignment: Relocation and Consolidation


Veterans Commercial Real Estate, vcre, brad ruther, veteran owned business, service disabled veteran owned small business, commercial real estate, brokerage   Challenge: Paychex needed to consolidate its Blue Ash and Dayton offices into a central facility that would accommodate employees from both cities.

Results: After performing several site surveys, Paychex decided to focus on a new development where the first building had not yet been built. We worked with Paychex’s two existing landlords to extend both leases to accommodate construction of the first building. As the anchor tenant in this new Middletown building, Paychex was able to secure a ten year, 75% real estate tax abatement on the property. We negotiated a seven year lease for 26,191 SF, with the space “turn keyed” to Paychex’s satisfaction. Lease value: $3,900,000.

To download printable version, click HERE.



Client:
Wells Fargo Advisors
Assignment: Lease Expansion and Extension

Veterans Commercial Real Estate, vcre, brad ruther, veteran owned business, service disabled veteran owned small business, commercial real estate, brokerage   Challenge: A.G. Edwards & Sons was bought by Wachovia Securities. Prior to this transaction, we represented A.G. Edwards in expanding their space by 2,072 SF in 2007. One year later, Wachovia needed to expand this space in order to consolidate its downtown offices from two locations to one. The main challenge involved negotiating a 3,485 SF expansion when Wachovia had four years of term on its lease. The landlord also needed to relocate a tenant to enable Wachovia to expand, as well as relocate the building conference room.

Results: Despite having several years remaining on Wachovia's lease and the landlord's costs associates with relocating both an existing tenant and the building conference room, we were able to leverage Wachovia's position in a soft market and ensure they received a generous tenant improvement allowance from the landlord and below market rental rates. Wachovia also extended their lease by several years. Wachovia leased 20,192 SF and the lease value for their expansion and extension was $1,500,000.

To download printable version, click HERE.



Client: Cincinnati USA Regional Chamber
Assignment: Lease Renewal or Relocation

Veterans Commercial Real Estate, vcre, brad ruther, veteran owned business, service disabled veteran owned small business, commercial real estate, brokerage   Challenge: The Cincinnati USA Regional Chamber needed to completely renovate their space or relocate to another building in order to reflect the vision and atmosphere of the company, while also lowering their occupancy costs.

Solution: After touring several competing properties and obtaining proposals, we leveraged the Chamber’s current Landlord and the Chamber decided to relocate within their current building for three months while their existing space was completely rebuilt and expanded. We were also able to negotiate a new lease term of 10 years for 27,267 SF, while also obtaining over $2 million worth of incentives on behalf of the Chamber. Lease value: $5,200,000.00

To download printable version, click HERE.

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is website was last updated June 3, 2019.