Fitness and Recreational Sports Center

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The Challenge

  • The client’s business activities had zoning limitations.
  • Low vacancy, highly competitive targeted submarket.
  • Limited operating history.

The Solution

  • Assignment completed and lease duly signed in less than 5 months.
  • Final financial terms were 8% below market rent.
  • In collaboration with a regional mapping authority, a database separate from the commercial multiple listing service was assembled for a thorough review of zone-compliant properties and further collated by the client’s target proximity to its member base, unique building feature requirements, and financial expectations.
  • The closely managed process of situational analysis, site selection, and negotiation enabled the client to secure its top choice location and a competitive edge over competition.
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