Posts Tagged ‘Landlord’

South Meadows Office Lease – Happy Landlord

Friday, April 17th, 2009

     There is at least one happy office landlord in South Meadows. The office building at 9450 Double R is now 100% leased.  Ron Boles, CCIM with Fennell and Associates has represented the landlord over the past several years and recently leased the last vacant space of 2,810 square feet to Cyanco Holding Corp., a mining supply compan.
      A couple of years ago the major tenant in the building had decided to not to renew their lease and reduce their overhead by moving to different building with a smaller space and less rent. With the assistance of Ron Boles the landlord was able to keep the tenant for an additional 5 years by reducing the rent and the amount of space the tenant occupied. Given the raising vacancy rates and lowering rental rates in the office market this turned out to be a very smart move for the landlord.