Our Process of Acquiring Space
The process of leasing, renewing or purchasing real estate can be complex. Whether a new site or a lease renewal, it is absolutely critical to start early and allow ample time in order to have a position of strength with the Landlord. We strongly suggest having the lease documentation finalized at least 6 months in advance of the lease deadline.
Tenant Real Estate Advisors utilizes a thorough, multi-step approach to ensure that no detail is overlooked, and your critical dates and deadlines are met.
A brief summary of our 42 step process includes the following:
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Plan Up to 1 month |
Research 1-2 months |
Due Diligence 2-3 months |
Documentation 1-3 months |
Construction / Move In 2 to 5 months |
|
Assemble Team Define Project Initial Financial Feasibility Study Complete Space Program |
Present Market Alternatives Determine Primary & Secondary Alternatives Tour Properties Solicit Proposals from Short-Listed Properties Test-Fit Short-Listed Properties |
Review & Analyze Proposals Prepare & Review Comparative Financial Analysis Negotiate “Best and Finals” Negotiate Detailed Letter of Intent Negotiate Tenant Work-Letter Execute Letter of Intent |
Verify Business Terms Confirm Space Plan & Tenant work-letter Coordinate Legal Review Finalize Construction Drawings and Budgets Execute Lease |
Project Manager Coordinates Construction Furniture Installation IT Coordination Punch-List Items |
6-14 Months |
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Tenant Real Estate Advisors | 4445 Northpark Drive Suite 208, Colorado Springs, CO 80907
866.799.8732 | 719.634.9000 (o) | 719.448.0500 (f)
866.799.8732 | 719.634.9000 (o) | 719.448.0500 (f)