In this very challenging economy, now is an extremely advantageous time to extract and secure cash benefits, and substantial ones at that, by renegotiating the terms of leased commercial real estate. Moreover, improved flexibility, mitigation of risk, and enhanced business terms can be achieved by renegotiating existing leases.
What? You don't believe me?
Ask the Princeton technology company we advised who, as a result of renegotiating their lease, was able to secure a $2.5 million cash benefit, $1.7 million of which was realized in the first 2 years.
Or, ask the global pharma company based in central New Jersey, for whom we just completed a headquarters lease renegotiation. They secured $1.73 million in cash benefits, most of which they'll also realize in the first 2 years of their lease term.
Or, ask the telecom company we're currently representing. They've got documents on their desk that will yield approximately $800,000.
That's not enough?
All of the above companies thought they had no opportunities available to them because their leases were originally scheduled to expire in 2 to 3 years. We proved that they could capture cash that was buried in their leases....as you can see above, a lot of cash! In all cases above, we also improved the operational and business terms of our clients' transactions, and did so through paper transactions, affording our clients minimal distraction and disruption!
Many companies that lease real estate can recapture significant cash and improve the terms of their deals, if they know how to identify and secure it. That's a delicate balancing act that requires the creation of realistic benefits for the landlord, too.
Could your company benefit from additional cash, reduced costs, and improved real estate terms?
