"The current recession has slowed the leasing of the new bulk buildings in Henry County," Steve Grable of Atlanta-based Colliers Cauble & Co. tells GlobeSt.com. "The Sports Authority was able to take advantage of this market condition in negotiating a favorable renewal with PM Realty."
Grable and Chris Tomasulo of Colliers Cauble and Ron Steinhart of Colliers L&A in Philadelphia negotiated for Sports Authority. Pat Murphy of Trammell Crow Co. represented PM Realty.
The renewal gives the tenant an option to expand to 400,000 sf. Sports Authority also won "a generous tenant improvement allowance as well as on-site trailer parking and a security provision," Grable says.
Sports Authority, the largest full-line sporting goods retailer in the United States, is the only tenant in the seven-year-old building.
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