Landlord receives above market lease rate in a tenant market
Retain Miramar Business Park’s largest tenant at the highest possible rent. This renewal came about during a tenant market, so Voit needed to negotiate terms that were favorable to the landlord.
Use our in-depth knowledge of the current market and the need to both retain a major tenant yet negotiate a renewal lease favorable to Miramar Business Park. Negotiate directly with Alliant Tech Systems to show the existing tenant that remaining in its current space was the best business decision.
Voit provided its client with a five-year renewal lease at the above market rate, exceeding Miramar Business Park’s expectations. Voit secured an above market rate for the 98,000 square foot San Diego-based property with no tenant improvement or free rent concessions.