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Locating a site for your company is an infrequent task. Over time,
it has become more complex with an increasingly broad matrix of available
market possibilities. Selection variables include:
Evaluation of various developers, sites, buildings and amenities,
The distinction between NRA and NUA, core dimensions, which floorsize,
building size is optimum for your firm,
The potiential for growth and contraction flexibility through various
types of options,
Requirements of Government Compliance Codes,
Distinctions of sound transmission characteristics between alternate
types of partitioning,
Variance in "building standard tenant improvements allowances,"
Variance in building module and grid flexibility,
The distinction between escalation clauses and evaluation thereof;
Variance in types and features of air conditioning, systems, etc.
can ultimately be much more costly than a slight initial rental rate
variance, and
Accurate
comparison of concessions offered.
In Client Representation, we will spend our time working with
you in one or all of several related areas. They include client
analysis, market analysis, comparison, negotiation, and selection.
It is our goal to work with your firm to establish space requirement/negotiation
strategy, and assist you in seeing that it is implemented.
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- Development of this strategy is accomplished through working
with key people in your firm in the fillowing manner:
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- (1) CLIENT ANALYSIS
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- In client analysis, we review external and economic factors
to determine your optimum location and facility's needs (all
current facilities, leased or owned, can be included in all
analysis) and establish future points of negotiation.
- We will also provide input for decision making between lease,
purchase, joint venture, built-to-suit or other alternatives
possible.
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- (2) MARKET ANALYSIS
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- In Market Analysis, we perform a detailed comprehensive search
of the market for facilities within the criteria established
in Phase 1. We accumulate necessary data on available projects
and begin establishing a value weighing the location and site
selection factors.
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- (3) COMPARISON
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- In Comparison, we relate the criteria established in Client
Analysis to the results of Market Analysis for the purpose
of selecting proposal candidates. We also begin a redefinition
of the optimum solution with respect to the market and further define
selection factors. By comparing needs and availabilities, we establish
future negotiating points.
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- (4) NEGOTIATION AND SELECTION
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- In Negotiation, we solicit final proposals and a comparison
check sheet from established proposal candidates. If appropriate,
we begin space planning analysis among the final candidates,
with final plans developed during the agreement phase. From detailed
analysis and comparison of proposals, check sheets and further
redefinition of
- selection factors, we establish "factor of negotiation"
and final selection candidates. We solicit lease or purchase
agreement from final candidates. After a detailed analysis, and
negotiation of established points, final selection is made.
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- (5) PROJECT DEVELOPMENT AND AGREEMENT
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- Then, after a detailed analysis of the lease and/or purchase
agreement (assisted by your legal and accounting consultants),
review of phases 1 - 4, negotiating and renegotiating all necessary
points, a final agreement is drafted and executed. Final space
is completed and tenant inprovement pricing negotiated (prior to agreement
execution). In the event a non-existing project is chosen,
then this phase will expand to include the areas associated
with building the development.
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- (6) OCCUPANCY
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- Throughout the period from agreement to move-in, all necessary
assistance is provided. A regular meeting and updating schedule
is established to assure compliance with all terms, up to and
including move-in, and then throughout the entire terms of the agreement.
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