Assignment:
Reduce rent costs.4 years remaining on lease.Accommodate future growth today.No partner liability.Investigate all Class “A” buildings in the downtown Chicago CBD.

Strategy:
Use Termination Right to Leverage NegotiationsTake advantage of Tenant favored market while vacancy rate continues to slide.Implement Industry Law Firm Standards for more efficient floor plan.Negotiate with other Class “A” buildings to create leverage.

Benefits Achieved:
Remaining as a tenant in its current premises.Extended Lease for 8 Years with termination rights.Concession package reduced rent by 17.3%Obtained 1 year of free rentObtained 1 million dollars in TI allowance