Client:

  • Interface Software
    1420 Kensington, Oak Brook

Assignment:

  • Located at 1211 W. 22nd Street and needed expansion space within a nine month time frame.
  • Create lease that accommodated anticipated growth but provided flexibility for early termination.

Strategy:

  • Create leverage against current landlord with new building developments in the East/West Corridor.
  • Utilize current market conditions to structure flexible lease in short time period.

Benefits Achieved:

  • Moved within the deadline, thus alleviating any holdover penalties.
  • Obtained several expansion options to accommodate future growth, thereby avoiding a similar predicament.
  • Structured lease with significant flexibility to terminate.
  • Overall cost containment.
  • No out-of-pocket costs.