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Leasehold Improvements

When is a lease deal “Closed”?

Tenant Representation

This varies from landlord to landlord. Usually it is when the lease is signed by all parties; Sometimes it is when the tenant is occupying the space; Sometimes it is when the tenant is open for business and can show the landlord they have paid for all their leasehold improvements (most often with big retail…

Sale and Leaseback – better than outright sale?

We are seeing an increasing number of clients considering sale and leaseback, for many good reasons : A global manufacturer wanting to add a new production line costing $2million who owns their own building valued at $5.5million with significant equity tied up; A manufacturer who won a bid for a major supply contract but realized their working…

Repurposing a Specialty Property

I worked with a church group selling their property and given the size of the property, location and value of the land it seemed unlikely a church group was going to buy. Eventually, a non-profit community group was the successful buyer. Unfortunately the zoning in place at time of listing would have allowed the use, but…