NEGOTIATING FAVOURABLE LEASE TERMS
For this 100,000-square-feet-location, Landmark negotiated a number of highly favourable terms:
A 4.53% rental reduction, resulting in annual savings of $40,000,
Four months of Free Base Rent, resulting in a Net savings of $266,000,
Retention of the First Right of Refusal on contiguous vacant lands which may be considered for potential expansion in the future.
In addition, Landmark secured a 25,000-square-feet-storage solution to accommodate our client’s peak product volume.