???Deal Spotlight: PARR Lumber??? ? We’re excited to share a recent success story! The marvelous Michael Whitten recently helped PARR Lumber navigate a challenging lease situation in Fife, WA. ? Mike and team worked to take advantage of a slowing market in Seattle as the landlord initially proposed a rent increase of 37%. The team identified a strong sublease opportunity, and were moving forward with execution when the current landlord re-negotiated and improved terms – saving Parr $300k on rental and relocation costs on a 3-yr lease. ? Great work Mike on creatively navigating the market insight to help PARR with this transaction. #cresa #portland #seattle #commercialrealestate #sublease #relocation #negotiations #market #insights
Congrats, Mike! Enjoyed hearing how your strategy unfolded into a great result!
Advisor at Cresa Portland
1 周Congrats,Mike! ??