After a decade in the South End, a growing voice recognition company has moved over to the Hub’s eclectic Back Bay district, taking down 2,500 sf at 607 Boylston Street. Debra Stevens of ITRA/Stevens Group represented Plum Voice in negotiating terms with the landlord, 607 Bolyston Associates, an entity owned by developer Stuart Pratt that was represented by NAI Hunneman Commercial Co. SVP Chris Gotfredson and Stuart Pratt Jr.
A Good Guy Guarantee is a limited personal guarantee that, once signed, legally enables your landlord to pierce the corporate veil and legally go after you personally only in the event that you stop paying rent and refuse to vacate the space.
In conjunction with the upcoming International Tenant Representative Alliance (ITRA) Global Conference on September 24-26, 2010, ITRA will be hosting a Corporate Real Estate Symposium on the morning of September 24th at the Beverly Hills Wilshire Hotel, Los Angeles, CA.
Purchasing and leasing office space is much like everything else in life – it helps to have a professional on your side.
ITRA / Martin Levy Commercial Represents Serena Software Europe Ltd in Leasing 20,000 SF of Office Space
Martin Levy, CEO of ITRA / Martin Levy Commercial, announced that the company represented Serena Software Europe Limited, a highly valued client of ITRA / Hume Myers Tenant Counsel, Portland, Oregon, in leasing 20,000 square feet of office space located at Abbey View, Everard Close, in St. Albans, Hertfordshire, England for a fifteen year term. The building is owned by Threadneedle Property Investments Ltd. Mr. Levy represented Serena Software Europe Ltd. in the transaction.
TeleCom City is a fading memory, but 200 acres set aside for that ill fated business park straddling Everett, Malden and Medford will soon accommodate promising life sciences company Progenika in a 9,000 sf deal that seems to validate the tri-town revitalization campaign launched more than a decade ago in partnership with New York entity Preotle Lane.
Renewing your lease is a lot like telling a joke: it’s all in the timing. You want time on your side at all times (no pun intended). Typically, if you’re 10,000 square feet or smaller, you want to give yourself 9-18 months whether you’re moving or renewing. That said, the sooner you start looking for a new space, or looking into renewing your lease, the better. Here’s why.
As your lease expiry date approaches, you will need to decide if you want to remain in your current facility, or move to an alternative location. This article attempts to highlight some of the key issues for consideration in dealing with a lease renewal, so that you can achieve the best possible outcome for your business.
There is a clear upside to today’s economy. Commercial tenants should be able to secure lower rents and better leases than they have in years. Whether renewing a lease, seeking to renegotiate an existing lease, or moving into a new space with a new landlord, the environment is right to gain lower rents, better terms, more concessions, and reduce overhead significantly.
The International Tenant Representative Alliance (ITRA) will discuss recent growth and success stories in a down commercial real estate market at its Spring Conference on March 26-28 at The Stoneleigh Hotel and Spa in Dallas, Texas.