Assignment
- Procure a lease for a new development, Five Newport, a 10 story, 285,000 square foot office project from the emerging Puget Sound businesses.
- Client- a continuing relationship with Bentall US LLC
Objective
- To obtain a financially viable tenant mix
- Secure tenants to pay the proforma rates with market terms and conditions.
- Negotiate leases with 100% occupancy scheduled at project completion.
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Results
- Prior to project completion all 10 floors were leased.
- Negotiated and leased the 285,000 square feet at proforma rents.
- Secured a financially strong single user, VoiceStream Wireless.
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