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Our client is a Fortune 25 company with over 60,000 employees. For several years, the principals of Blackacre Advisors have served as the client's real estate advisor in Florida. The client has valued the undivided loyalty, responsiveness, and ability of Blackacre Advisors to craft real estate transactions supporting its broader corporate objectives. Throughout the course of the relationship, the client has looked to Blackacre Advisors to deliver fully negotiated lease documents that are ready for approval by in-house counsel and that protect the client's long-term interests. From Jacksonville to South Dade County, we have handled a range of real estate transactions in Florida for our client.
A recently completed project entailed co-locating multiple offices from several client-owned facilities into a smaller number of leased facilities. To help the client achieve this objective, Blackacre Advisors identified and analyzed all available space options that would accommodate the client's requirements in four key markets. Space options considered by the client included existing buildings, build-to-suits, proposed projects, and land sites. With the requirement totaling 153,000 square feet, we positioned the client in each market as a prospective credit anchor for proposed and under-construction office developments. By auctioning the client's tenancy to leading developers in each market, Blackacre Advisors achieved below-market rents, building signage, turn-key delivery of the space, favorable options, and other tenant-favorable lease provisions.
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