"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.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
