Thorp Brokerage Resources - 44% savings
The Situation:
- Thorp Brokerage Resources is a life insurance company which occupied a Class A office building that was larger and more expensive than they needed.
- Thorp wanted to stay within a small geographic area within the southwest area of the Twin Cities.
- Gannett Peak Partners (GPP) was hired to identify, negotiate, and conclude a lease transaction.
The Approach:
- GPP understood that Class B office space in the southwest market had the highest vacancy rates in the Twin Cities and was able to leverage the market with several Class B office options.
The Solution:
- GPP identified three Class B office options within the geographic area Thorp required.
- Leverage was used against all three landlords to drive the best rent price for Thorp.
- Thorp worked with GPP and identified their best value based on rent and subjective analysis.
The Result:
- GPP’s knowledge of existing market conditions was demonstrated given the lease rate, concessions, tenant improvement allowance and moving allowance achieved for Thorp.
Experience the power of Integrity
