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| 13603 West Hillsborough Ave., Tampa, FL |
TAMPA, Fla. (Oct. 16, 2012) – A lot of out-of-the-box
thinking went into working toward an agreement for Checkpoint Technologies,
Inc. to sign a 7,700-square-foot lease of an office property at 13603 W.
Hillsborough Avenue in Tampa.
The property, which
had been vacant for more than three years, is in a prominent location with high
visibility but is significantly larger than what most Tampa Bay area office
users are currently seeking.
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| Theresa Margaris |
Theresa Margaris
of Commercial Asset Partners (CAP) Realty, who represented Checkpoint
Technologies, and Mark Ganier, broker associate at Re/Max Realtec Group,
Inc., who represented the landlord, a private individual named Shelby
Randall, were creative in seeking solutions to make the deal work for all
involved.
“Owners have to be
flexible with a property like this one,” said Margaris. “In addition to helping
align the landlord’s expectations with how it fits in today’s market, we looked
for ways to offset expenses for Checkpoint, which is looking at this location
as its headquarters.”
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| Mark Ganier |
For example, to
negotiate a more affordable rental rate, Checkpoint Technologies agreed to pay
for significant tenant improvements, including installing new carpet.
In addition,
Margaris helped coordinate with a nearby tenant that shares parking with
Checkpoint Technologies’ new location to piggyback on common-area maintenance
services. For instance, the two tenants will share the costs of trash removal,
landscaping and other external maintenance issues to bring down overall
occupancy costs for both.
Lastly, the property includes a large training room with a
raised floor, one control room and a server room. While Checkpoint
Technologies, an IT software consulting company, will use that room for its
intended purpose occasionally, Margaris recommended the company consider
sub-leasing the space to external groups, the income from which will help
offset its rent.
“Checkpoint
Technologies outgrew their last space in three years,” said Margaris. “They
were looking for a great location that gives them a more prominent image and
room to continue growing, so this is a great fit.”
Noelle Anderson, APR
Principal & President
True Blue Communications
813.380.0314
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