Talonvest
Irvine, California
Commercial Mortgage Broker Leases New Creative Office Space in Irvine
Project
Creative Office Space Lease
Industry
Financial Services
Size
3,000 SF
Location
Irvine, California
Challenge
Challenge
Talonvest re-engaged VoitWorks to provide Tenant Representation services and consult on its office space needs nine months before their lease was expiring. The business outgrew its current office space in Irvine, California and the principals wanted to revitalize their office space as they positioned the company for further growth.
Solution
Solution
We conducted a complete strategic analysis of Talonvest’s real estate needs and budget and identified high value relocation options that permitted long term growth and flexibility, while positively reflecting the client’s brand. We then leveraged their relationships with multiple landlords, and negotiated aggressively to create maximum negotiating leverage on their preferred option, while concurrently negotiating a lease renewal of their current space as a back stop.
Results
Results
Talonvest landed at The Launch, a recently renovated creative Irvine Company office space building next to the airport, providing a very progressive office space design and layout. The office space offers floor to ceiling glass, 180 degree views, functional creative office features, and options for relocation as the business expands. We also provided oversight on the project management of the tenant improvements and, due to an unforeseen construction delay, we were able to extract additional concessions even after the lease was executed.
“VoitWorks did an awesome job representing Talonvest in our relocation. From helping us understand the options in the market to negotiating the lease and staying active through the process of our move, they are always providing value! That’s why we are a repeat client.”
Negotiated Concessions Include:
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Rental Abatement
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Above-standard tenant improvement allowance
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Below fair market value lease economics
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Parking concessions
