Embed Size (px)
Citation preview
RETAIL SERVICESTENANT REPRESENTATION
GRANT STREET ASSOCIATES, INC.
For more information, please contact:Grant Street Associates, Inc The Grant Building
310 Grant StreetSuite 1550
Pittsburgh, PA 15219www.gsa-cw.com
The depiction in the included photograph of any person, entity, sign, logo or property, other than Grant Street Associate’s (GSA) client and the property offered by GSA, is incidental only, and is not intended to connote any affiliation, connection, association, sponsorship or approval by or between that which is incidentally depicted and GSA or its client. This listing shall not be deemed an offer to lease, sublease or sell such property; and, in the event of any transaction for such property, no commission shall be earned by or payable to any cooperating broker except if otherwise provided pursuant to the express terms, rates and conditions of GSA’s agreement with its principal, if, as and when such commission (if any) is actually received from such principal. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any spe-cific listing conditions, imposed by our principals. All photography is used with permission and licensed specifically for Grant Street Associates, Inc. All logo usage is only to identify the owner of the logo, and that the logo is not authorized by, sponsored by, or associated with the trademark owner.
JR YOCCO Senior Vice President - Retail Brokerage & Leasing(412) [email protected]
JARED IMPERATORESenior Vice President - Retail Brokerage & Leasing(412) [email protected]
RETAIL SERVICESOver 5 million
square feet leased
Jared Imperatore
Senior Vice PresidentRetail Brokerage & Leasing(412) [email protected]
JR Yocco
Senior Vice PresidentRetail Brokerage & Leasing(412) [email protected]
A SAMPLING OF RETAIL CLIENTS
2015John Jackson
Vice PresidentBrokerage & Leasing(412) [email protected]
JOHN JACKSON Vice President - Brokerage & Leasing(412) [email protected]
Our integrated resources help tenants meet their objectives in the Western Pennsylvania and Pittsburgh area markets. We analyze each tenant’s business objectives and match them with the optimal real estate solution. Services for relocations, consolidations, subleases, acquisitions and dispositions, include strategic planning, demographic and site consulting, comparative financial analysis, construction and post-occupancy services. We are dedicated to providing space that is not only affordable, but also conducive to increasing client creativity, productivity and profitability.
SeRVIce LIneS• Retail Agency – Disposals &
Acquisitions• Strategic Advice• Lease Advisory/Rent Review• Retail Asset Management• Retail Investment• Valuation• Retail Planning & Sustainability• Retail Research & Consultancy• Retail Development• Shopping Centres/Estates
WeSTeRn PennSYLVAnIA - 31 LOcATIOnS & gROWIng
cRAZY MOcHAFor more than eight years, Jared has exclusively represented Crazy Mocha Cafe, working closely with the owner, Ken, on planning new coffee shop locations in the Pittsburgh urban and Pennsylvania suburban markets. Affordable prices and to-die-for desserts keep customers coming back to Crazy Mocha.
TenAnT RePReSenTATIOn SeRVIceS
WeSTeRn PennSYLVAnIA 6 LOcATIOnS & gROWIng
MOe’S SOUTHWeST gRILLFor more than six years, Jared & JR have exclusively represented Moe’s Southwest Grill, working closely with Moe’s local owners, Michael Geiger and John Iaquinta, on planning new locations in the Pittsburgh urban and Pennsylvania suburban markets.
WeSTeRn PennSYLVAnIA 3 LOcATIOnS & gROWIng
eDIBLe ARRAngeMenTSJared & JR have worked closely with a local franchisee on her real estate business requirements for her second and third Western Pennsylvania Edible Arrangements locations.
WeSTeRn PennSYLVAnIA 32 LOcATIOnS & gROWIng
SnAP FITneSSThe Retail Team has successfully worked with multiple Snap Fitness franchisees to uncover strategic locations across Western Pennsylvania. Snap Fitness is a 24-hour exercise center that provides a fast, convenient and affordable workout at a club that is close to home and packed with the industry’s best cardio and exercise equipment
IDenTIFY BUILDIng & ReQUeST LeASe PROPOSALS• Determine requirement• Identify properties in the marketed place• Short-list the properties and request lease
proposals from building owners or representatives
1
2AnALYZe LeASe/PURcHASe PROPOSALS• Financial lease analysis• Conceptual architecture space planning• Schedule & budget
AnALYZe TenAnT SPAce PLAn• Analyze efficiencies and layouts• Evaluate building infrastructure• Assess impact of local codes on space• Investigate property ownership with regard to
tenant improvement allowance• Develop operating costs
3
4negOTIATe BUSIneSS TeRMS• Coordinate lease review & comments with client’sattorney• Complete due diligence• Develop construction costs & budget• Execute Lease
DeSIgn AnD cOnSTRUcTIOn• Assist in tracking design, engineering & architecturaldrawings• Monitor and report on construction and deadline dates• Interview and negotiate contracts for furniture,
fixtures & equipment
5
6cLOSe OUT & OPen FOR BUSIneSS• Obtain Certificate of Occupancy• Coordinate close-out of construction; punch list• Organize opening day!
SIx POInT TenAnT RePReSenTATIOn MeTHOD
Is finding a space without hiring a broker a good idea?
generally speaking, the answer is no. You as the tenant enter into a lease once every so often. A broker negotiates for space on a daily basis. Would you go into an IRS audit without having your cPA by your side? Same reasoning applies here.
Do I need a broker to help me find space?
no. The internet can do that for you. What you need a broker for is their expertise surrounding the leasing process. A good broker is much more than just a space finder; you should view them as you would your attorney or accountant. You want their advice as to what space is best suited for your business and what are the best terms that the space can be leased for. A good broker will help you in all aspects of the commercial space transaction. That starts with understanding your business and ends with a signed lease. Finding the space is simply one small step in the overall process.
What’s the difference between a leasing agent and a Tenant rep?
The leasing agent has the listing on the property and represents the interests of the building owner. A tenant representative or “rep” represents the interest of the tenant in a lease transaction. Some agents work exclusively on listings, others will take on tenant representation engagements only, while others will work on both.
now that I’ve hired a broker, what should I expect from him/her?
A broker is like any other service professional. You should expect them to represent your interests, to give you good advice and to help you through the first phase of the leasing process; that is helping you determine how much space you need and then finding and negotiating for the space that best meets your needs. Don’t be afraid to ask your broker questions. Know how much money your broker is going to make on your lease. That will help you determine just how demanding you can be and how much work you should expect. Remember that your broker doesn’t get paid unless a lease is signed, therefore their primary aim will be to make the transaction happen.
FReQUenTLY ASKIng QUeSTIOnS
gRAnT STReeT ASSOcIATeS, ReTAIL TeAM
2007 - 2014
