• Irvine Spectrum Creative Office Space Sublease

Orchid Essentials

Irvine Spectrum, California

New Irvine Spectrum Creative Office Space for Consumer Brands Company

Project

New Lease

Industry

Consumer Products

Size

5,000 SF

Location

Irvine Spectrum, California

Challenge
Challenge

Orchid had rapidly outgrown their old facility and required a new larger, higher image headquarters for recruiting top talent and further growing its business. We were hired on a tenant representation project to consult with Orchid and secure the perfect facility. Creative office space in Irvine Spectrum was the target, and we rapidly identified every suitable listing and off-market opportunity that matched Orchid’s office space requirements.

Solution
Solution

We quickly identified a new building with 5,000 SF of creative office space in Irvine Spectrum, which was perfect for their current and future expansion needs. A new lease was negotiated in 5 days, with the right to sublease excess space short term until the business grows into the new building. A below fair market value rent was negotiated together with concessions, and including free Herman Miller furniture for a quick and low cost set up in the new office space.

Results
Results

Orchid Essentials secured the perfect new creative office space headquarters in Irvine Spectrum in only 10 days. The building comfortably accommodates the current business needs, with room for expansion. The short-term sublease of excess space can be terminated when Orchid is ready to grow into the entire building, so the office space is perfectly right-sized to the business and overhead is minimized. The new creative office environment will have a material impact on the ability to recruit and retain top talent.

“Stefan was able to get our rapidly growing public company into a new creative building in Irvine, that was turn-key, and move in ready. We gave him a timeline of a move in 10 days, which we thought would be impossible, and he pulled it off once again. Our company couldn’t be happier and the building was an immediate boost in company culture and overall work environment. I’ve been working with Stefan for over 7 years now, and I couldn’t be happier with his services and professionalism.”

Negotiated Concessions Include:

  • Substantial rent abatement

  • Free parking

  • Flexible lease terms

  • Building top signage

  • Project completion in only 10 days

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