Case Study: Competitive rental rate despite prestige of space and large T.I. allowance

Three Gateway Center, Pittsburgh PA

I have turned to Carrie Holstead to help my company with three office leases. She is a trusted advisor whose thirty years of experience combined with her unique, conflict-free approach to resolving corporate real estate needs, has provided my company with a competitive advantage over and over again. I highly recommend Carrie to others in need of objective tenant representation services.

Jeffrey Klink, Founder & CEO Klink & Co.

Klink & Co.

Challenge

Klink & Co., Inc. (Klink & Co.) is a global risk management company that partners with companies to reduce risk by: establishing effective compliance programs; audits and assessments of compliance programs, internal and vendor fraud investigations, and training. Organizations around the world trust the Klink & Co. team to provide results. A year prior to their lease expiration, they turned to Carrie to identify the best leasing opportunity to accommodate their growing office leasing needs at a new space in downtown Pittsburgh.

Action

Carrie completed a needs analysis, prepared a program to identify the estimated square footage and construction required, completed a market survey of space availabilities in downtown Pittsburgh, and toured buildings of further interest. Afterwards, she obtained proposals from the top buildings, leveraged the market to identify the best leasing opportunity, and negotiated attractive business terms at Three Gateway Center to accommodate Klink & Co.’s long term office leasing needs.

Results

  • Carrie negotiated a competitive rent, despite prestige & T.I.
  • Rare upper floor space w/ stunning views of river & PNC Park
  • Turnkey tenant improvements estimated at some $48.00/SF
  • Architect fee paid by Landlord
  • Updated base year for operating & tax expenses
  • Right to lease parking spaces in the building complex
  • Renewal option
  • Termination option
  • Relocated and expanded within Three Gateway Center
  • Klink & Co. has enlisted Carrie multiple times

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For more information, contact Carrie S. Holstead at

+1 (412) 255- 3737
carrie@carrieholstead.com

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