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

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New Corporate Space Progress as of March 31

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

Page 1: Progress as of March 31.  No more space available in this building  New construction is not feasible.

New Corporate SpaceProgress as of March 31

Page 2: Progress as of March 31.  No more space available in this building  New construction is not feasible.

Reviewing Our Options

Page 3: Progress as of March 31.  No more space available in this building  New construction is not feasible.

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

Narrowing the Search

Page 4: Progress as of March 31.  No more space available in this building  New construction is not feasible.

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

Page 5: Progress as of March 31.  No more space available in this building  New construction is not feasible.

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

Page 6: Progress as of March 31.  No more space available in this building  New construction is not feasible.

Pros◦ Spacious offices◦ Technology in place◦ Park nearby

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

Wayside Office Park

Page 7: Progress as of March 31.  No more space available in this building  New construction is not feasible.

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

Page 8: Progress as of March 31.  No more space available in this building  New construction is not feasible.

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