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Case Study

Kontron America | USA Headquarters

Challenges

  • Sublease still had 2 years remaining
  • Desire to remain in the building at a below market rent
  • Market converting to a landlord market
  • Neighboring tenant aggressive expanding and potentially interested in Kontron's building
  • Lack of relocation alternatives

Results

Kontron was in a sublease until mid-2016 but engaged JLL two year in advance of the lease expiration to help make sure they were able to secure a favorable long-term rate directly with the landlord.

We leveraged the market and considered both existing and build-to-suit options.

In the end we were able to negotiate a below market, direct rental rate, two years in advance of Kontron's sublease expiration, while also getting them $1M in upfront rent relief and an additional $170,000 in tenant improvements.

14118 Stowe Drive, Poway, CA
Building classB
Landlord/ownerPrudential Insurance Company of America
Size (s.f.)127,000 SF Sublease
Services provided:Corporate Tenant Representation


JLL contact

Joe Bernstein
Senior Vice President
+1 858 410 1225
joe.bernstein@am.jll.com

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