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Case Study

Bernardo Executive Center

​Challenge

Our client purchased the building, and wanted to raise rents. They were trying to figure out which capital improvements would get the best bang for the buck and wanted a listing team that bought into the vision, and could sell it to new tenants.

What did we do?

Advised the client on renovations, assisted in finding the right combination of capital investment. We raised rents initially, and continued to do so with each transaction.

Results

JLL increased the project occupancy by nearly 30 in 2 years (currently over 95%) and rental rates by 30%. These leases increased the value of the project by nearly $10,000,000 in this time period.

Contacts:

Jay Alexander
Managing Director
+1 858 410 1188
jay.alexander@am.jll.com


Tim Olson
Senior Vice President
+1 858 410 1253
t.olson@am.jll.com

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