RESOLUT Finds Needle in the Haystack for Growing National Office/Warehouse Tenant - Window World
Austin Tidwell, CCIM
Retail & Investment Specialist Based in Albuquerque with Expertise in Tenant Rep, Redevelopment, Landlord Rep and Value-Add Opportunities
CHALLENGE
Window World was experiencing growing pains with their ramped up sales of the past few years and needed to find a new place to call home in Albuquerque. Currently there is less than 3% vacancy across the city for industrial assets and the competition for their criteria was fierce. Being from out of state, Window World needed to find boots on the ground to locate the right building, act fast and help them understand the current market conditions.
ACTION
The RESOLUT team looked high and low and was able to locate a brand new to market listing with the ideal configuration of office, warehouse and yard space in the area Window World was looking in. The principals scheduled a tour of the facility a few days later and put in an offer the same day. The vital step was putting together an offer that not only was first, but that stood out among competing offers that still was still within market and secured the site for the tenant.
RESULT
RESOLUT and Window World were able to secure a lease in record time that included a fair market price, a tenant improvement allowance for building improvements and a great new North I-25 location for the client.
TESTIMONIAL
We knew that finding a building in this industrial climate would be a challenge and we are glad to have hired Austin as our broker. He was responsive, jumped on the search for the right building, looked high and low throughout the process and helped us negotiate a great deal at our new location. He was able to help us navigate through a few hurdles in the leasing process and we are thankful for his real estate expertise. - Ronald Via, Window World
Construction Reporter and The Built Environment Magazine
3 年Good article, makes the whole thing more interesting.