Skip Ribbon Commands
Skip to main content

Case Study

4365 Executive Drive

Challenges

  • Development of credible relocation strategy to create negotiating leverage with The Irvine Company
  • Lack of contiguous blocks of office space in UTC
  • Market tightening, creating upward pressure on lease rates
  • The Irvine Company “monopoly” - own 80% of the Class A office buildings in UTC
  • Landlord initially not willing to engage in early lease renewal negotiations

Results

  • Lowered tenant’s lease rate by 30%
  • Uncovered every viable relocation option, including “off-market” options
  • Secured above-market tenant improvement allowance
  • Renewed lease 12 months prior to lease expiration affording tenant rent inflation protection
  • Negotiated Landlord refurbishment allowance of common area at Landlord’s expense
  • Retained exclusive building-top signage at no cost to tenant
  • New 2014 Base Year reduced monthly lease costs

Total Negotiated Occupancy Cost Savings Achieved for Tenant:
$2,135,000

 
JLL Contact
Steve Holland
Managing Director
+1 858 410 6333
steve.holland@am.jll.com

All case studies

 

 

Orange Regional Medical Center/united-states/en-us/case-studies/510/orange-regional-medical-centerOrange Regional Medical CenterA campus expansion plan that encompasses an owner constructed and financed, new physician office building incorporating an ambulatory care center, along with an attached but separate cancer center addition and renovation. A consolidation and enhancement of outpatient care services on the Main Campus, for a collaborative and interdisciplinary approach for outpatient diagnostic and treatment services.
UCSF Benioff Children’s Hospital Oakland/united-states/en-us/case-studies/511/ucsf-benioff-childrens-hospital-oaklandUCSF Benioff Children’s Hospital OaklandUCSF Benioff Children's Hospital was designed in 3 separate zones: patient, caregiver and family, ensuring that “family centered” concepts were followed.
NetScout/united-states/en-us/case-studies/512/netscoutNetScoutNetScout was dealing with surplus space in their corporate office and interested in finding a more efficient solution. So JLL's Tenant Representation team jumped into action.