Progress as of March 31. No more space available in this building New construction is not...

Post on 12-Jan-2016

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Transcript of Progress as of March 31. No more space available in this building New construction is not...

New Corporate SpaceProgress as of March 31

Reviewing Our Options

No more space available in this building New construction is not feasible

Narrowing the Search

A commercial real estate agent is at work Three properties have been identified

◦ Wayside Office Park ◦ Markbreit Building◦ Riveredge (commercial park)

New Rental Property Options

Pros◦ Suburban location with easy access◦ Network lines are in place◦ Spacious offices and parking area◦ Extremely reasonable lease terms

Cons◦ Not available for another three months

Riveredge Commercial Park

Pros◦ Spacious offices◦ Technology in place◦ Park nearby

Cons◦ Located outside I-275 beltway◦ Monthly lease only

Wayside Office Park

Pros◦ Central city location◦ Security system and guard at desk

Cons◦ No computer wiring in place◦ Cost is almost double our current lease◦ Parking for staff

Markbreit Building

Contact the Riveredge manager to discuss lease

Appoint a team to begin arranging the move

Meet again in two weeks to clarify any final issues

Recommendation—Riveredge