Relocation can be a stressful time for business owners. There are a lot of unknowns and risk can be high if you don’t know what you’re doing. Fountainhead Commercial can help.
A regional law firm outgrew its initial space within the first 12 months of the lease term and desired to quadruple the size of its Denver office.
Tour the marketplace to create the required leverage to enable the client to expand within their current building, terminate their existing lease (with cost-savings), and relocate to a new space.
Justin Rayburn, tenant representative, successfully created the required leverage that allowed the client to expand within their current space, which generated an 11% savings on rent and tenant improvements (over $135,000 in value), terminate their existing lease obligation (a savings of approximately $125,000), and relocate to a new space that was designed specifically for their use.
If you’re interested in relocating and reducing your rent, reach out to us at Fountainhead Commercial. We’ll do the hard work for you so you can focus on other areas of business.
Lowrey Burnett and Justin Rayburn have more than 40 years’ experience seeking and negotiating the best possible deals on behalf of their respective clients.
A local developer desired to purchase three properties on 1⁄2 a city block in downtown Castle Rock, CO in order to redevelop the parcel into a new mixed-use development of retail, office, and residential condominiums and hired Justin Rayburn to assist.
To find the right parcels, Rayburn would need to take a targeted property acquisition strategy and help each seller understand the vision of how the project could enhance the downtown Castle Rock area.
Rayburn successfully negotiated the purchase of each individual parcel through open communication with the various property owners, while negotiating acceptable purchase and sale agreements with each party separately.
If you’re looking for tenant representation, let Justin Rayburn be your source of guidance. Fountainhead Commercial can provide expert consultative services so you can make an educated decision that aligns with your long-term investment strategies.
A national insurance company wanted to upgrade its image within the marketplace and relocate to a more desirable area in Northwest Denver that would offer better amenities to its employees and increase employee happiness and engagement.
18-months prior to lease expiration, Lowrey Burnett and Justin Rayburn, tenant representatives, were tasked with developing a relocation and sublease/lease termination strategy.
Burnett and Rayburn needed to market the existing space to a new subtenant while simultaneously hosting lease buyout discussions with the landlord. In addition, it was imperative to identify a realistic timeline for relocation, identify and tour qualified market alternatives, design the premises, and negotiate a lease for a new location.
The client relocated six-months prior to their existing lease expiration, saved 23% on the initially quoted new building rental rate, negotiated a full tenant build-out, and secured a moving allowance in excess of $100,000. In addition, the client was successful in terminating the former lease agreement 5-months prior to lease expiration saving approximately $95,000.
If you’re interested in relocation, Lowrey Burnett and Justin Rayburn are here to help. Contact us today at Fountainhead Commercial to ensure you secure the right space, at the right space.
A medical client needed to relocate its marketing team and distribution center in order to launch a new business line. They enlisted the help of Justin Rayburn, to quickly find new space.
Rayburn was tasked with quickly identifying flex office options within north Denver and the I-36 corridor, for immediate occupancy.
In order to launch the new business line, the relocation needed to happen within 30-45 days.
Over 30 properties were identified and 4 ideal and viable alternatives were selected and toured within five-days of notice of the requirement. The top option from the tour was selected and a letter of intent was negotiated within 15-days of engagement. The client had a fully negotiated lease within 35-days and took occupancy of the new premises on the 47th day.
Justin Rayburn, tenant representative, successfully identified, negotiated, and secured a new space for the marketing and distribution team. If you’re interested in relocating, but don’t have the time or knowledge to find a new space, contact us at Fountainhead Commercial. We’d be happy to help in your search for a new space.
A California-based investor reached out to Justin Rayburn, to help complete a 1031 Exchange so they could defer capital gains taxes on a commercial building sale.
The client sold a commercial property in California and had 45-days to identify replacement properties in Colorado in order to complete a 1031 Exchange, which would prevent the client from having to pay significant capital gains tax on proceeds realized from the increase in property value.
Once properties were identified, they had to be closed within the following 135-days, which meant Rayburn had to move quickly. He recommended the client diversify their financial portfolio by purchasing two investment-grade office properties in Colorado that would qualify for the 1031 Exchange program and provide a continuous stream of retirement income for the client.
An administrative office in the healthcare industry came to Justin Rayburn, tenant representative, to renew and restructure an existing lease agreement.
The client was in a long-term lease obligation at a rental rate that was 15% above current market rents in their building and in need of interior renovations completed within the premises.
The client didn’t have the time or in-depth expertise needed to go head-to-head with their landlord—that’s where we came in. To successfully restructure the lease, Rayburn knew he would have to start negotiating early. Without sufficient lead time, they’d lose any leveraging power they had. To determine the new leasing agreements, Rayburn performed a property evaluation, market analysis, and financial analysis. After doing so, he sought a lower rental rate and much-needed tenant improvements.
720.837.9407
Denver, CO
