Assignment:
Analyze expanding current facility at 1755 Park Street Vs. relocatingImmediate space need, one (1) year prior to effective lease expiration dateObtain maximum growth and contraction flexibilityMaintain a high-end image/open concept.Explore all new developments in downtown the East/West Corridor.

Strategy:
Create leverage with current owner by contacting tenants in high image buildings directly; created additional leverage by proposing to anchor a new development.Leverage upcoming vacancy within 1755 Park Street Vs future vacancy rate of the East/West Corridor market

Benefits Achieved:
Opened first Chicago location.Termination option after the 4th lease year.Achieved below market rental rateReceived concession that includes use two (2) executive underground parking spaces and free use of the fitness center