Oakwood Worldwide – Lease Relocation

Oakwood Builders – 12,532 sf

The situation:

  • Oakwood Worldwide, a large global temporary housing company, needed to locate closer to a main highway system and closer to their clients located further north in the Twin Cities.
  • Oakwood needed approximately 15% larger warehouse space for distribution needs, but needed to pay at or lower than their existing monthly rent obligation.
  • We were hired to identify, negotiate, and conclude a lease transaction.

The Approach:

  • Knowing that a Real Estate Investment Trust “REIT” was about to place their Twin Cities portfolio on the market, and that occupancy was key to achieve a higher price we approached this REIT first to strike a deal.

The Solution:

  • We leveraged the current depressed commerical real estate market and piggy-backed on the REIT’s desire to increase occupancy.
  • Also identified two additional options not owned by the REIT that fit Oakwood’s space needs.

The Result:

  • Our client increased their space size by 12%, secured a lower rent than what they were currently paying, and negotiated a significant tenant improvement package.

Click Here to go to the next Case Study