A commercial lease represents a very significant asset (and liability) for most businesses. It is a real estate asset, like any other that requires a comprehensive real estate strategy. CenturyPacific is equipped to provide this total strategy from inception to occupancy. This service highlights CenturyPacific's expertise in identifying objectives, market evaluation, development finance, legal issues and the various other elements of creating this valuable asset. CenturyPacific has negotiated over 200,000 square feet of leases in each of the past several years.
Lease Negotiation services include:
Identification of Objectives
Representative Assignments:
Davis Wright Tremaine: CenturyPacific is real estate advisor to this major West Coast law firm. CenturyPacific has managed over 800,000 square feet of lease negotiations in 13 locations over the past 15 years. These locations have included Seattle (300,000 sf), Portland (140,000 sf), San Francisco (50,500 sf), Los Angeles (65,000 sf), Washington D.C. (50,000 sf), Anchorage (10,000 sf), Bellevue, Washington (53,000 sf), New York City (50,000 sf) and Shanghai, China (1,800 sf). These assignments typically involve assessing requirements, identifying alternative locations, soliciting proposals, lease negotiation and tenant improvement coordination. CenturyPacific and Davis Wright Tremaine have worked together to reduce Davis Wright Tremaine’s annual rental expense by over $2,500,000.
Boxlight: CenturyPacific assisted this $150,000,000 world leader in LCD projection equipment with leases for its U.S. facilities in Poulsbo, Washington, Memphis, Tennessee and locations in England and the Netherlands. Services include site selection, lease negotiation and facility development.
Skyway Luggage: CenturyPacific assisted this national manufacturer/ distributor of luggage with a consolidation of four warehouse locations into a single 270,000 sf facility. The assignment involved site selection, lease negotiation and tenant improvement coordination.
The Seattle Times: CenturyPacific has assisted The Seattle Times in selecting circulation and plant facilities in a number of Puget Sound locations. These assignments have involved lease negotiations for various amounts of space ranging from 7,500 square feet to 40,000 square feet. The firm also managed the leasing of a 300,000 square foot facility owned by The Seattle Times.
General Experience: The principals of CenturyPacific have represented tenants and landlords in leasing millions of square feet of office, retail and industrial space. CenturyPacific personnel supplement their extensive lease structure and negotiation experience with the capability to manage the tenant improvement process.
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