Renewals No Simple Matter
Staying put might be the right decision for a tenant, Cassidy Turley tenant rep specialist Maxwell Hanks tells us, but it shouldn't be because of inertia. (Don't hide behind the laws of physics!) Sometimes there's no place like home, but it takes a lot of market research to reach that conclusion, he says. Recently Maxwell and colleague Mike Kemmet repped law firm Horack Talley in its renewal and expansion to 25k SF at One Wells Fargo Center, overseeing that market research for the firm that went into the decision.
Maxwell says that it took the firm about 24 months to conduct a comprehensive review of the Uptown and Midtown office markets before deciding their current location, One Wells Fargo, best matched their criteria. "They can have everything they were looking for with an interior refresh and expansion," he notes. (Plus, everyone already knows how to get there.) Cassidy Turley's Andrew Laing is managing the renovations of the firm's space in conjunction with Redline Architecture and Harker Doerre Construction; Fred Klein III repped landlord Starwood in the renewal and expansion.
