Wednesday, August 15, 2018

 

LEGACY PHYSICIANS GROUP

2,904 Rentable Square Feet

 

Situation

Newly formed Physicians group desired to upgrade their corporate address/image with less than ninety (90) days remaining on their current lease. They had specific power requirements given medical billing and processing are critical functions of the office operations. Preservation of capital was their key objective during the initial year, with a need to mitigate person liability.

Approach
  • Identified market alternatives in the Plano/Frisco submarket including sublease alternatives, many inclusive of furniture
  • Selected initial properties that met power requirements and leveraged concessions received within the previous six (6) months for transactions our firm completed with the benefit inuring to Legacy
 Results
  • Secured unprecedented free rent concession on a four (4) year term and a turnkey finish allowance
  • Successfully negotiated to have the Landlord’s requirement of a personal guarantee waived
  • Delivered completed office space 30 days prior to desired occupancy date