NEC Sphere
Lincolnshire, IL

Acquire 50% additional space and secure several expansion rights to accommodate future growth.Develop state-of-the-art show room space and conferencing facilities.Create long-term, lowest economic lease situation.Maintain no business interruption throughout facility relocation.

Created leverage against current landlord with new building developments in the suburban real estate market.Completed an exhaustive search of all potential direct, sublease and build-to-suit opportunities in the North suburban office market.Aggressively leveraged lease renegotiation with current Landlord based on significant loss of building value if tenant relocated.

Benefits Achieved:
Acquired lease flexibility, including Right of First Offer & Early Termination Rights.No business interruption during facility relocation.Make use of their strong credit to receive under market Security Deposit/LOC’s.No out-of-pocket costs

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