Hewlett Packard

Houston Independent School District

Marathon Oil Alaska

Marathon Oil Company

Shell Oil Company

State of Texas

Sugarland Dialysis

YMCA
 
 
Marathon Oil Alaska
Challenge
Marathon Oil Company retained ARVO Realty Advisors to provide tenant representation services for the renewal and extension of the lease for its Anchorage, Alaska office facility.
Solution
First, ARVO Realty Advisors focused on finding suitable office space options, and then narrowed its selection to properties where office space of the required size and amenities was available.
ARVO Realty Advisors successfully completed the assignment within the client’s objectives by:
Developing a strategic plan
Developing leasing goals
Reviewing and analyzing existing lease
Preparing a competitive property and market analysis
Identifying a short list of qualified options
Conducting property tours
Preparing lease proposals and financial analysis
Negotiating lease terms, including surrender of surplus office space
Negotiating tenant improvement allowance for space reconfiguration, including new paint and carpet paid for by the landlord
Negotiating early termination clauses
Reviewing, analyzing, and negotiating lease agreement
Post execution follow up
Benefit
The assignment was completed on time and at a lease rate below the market rate for comparable spaces in similar buildings in the submarket.
 
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