"After the careful consideration of numerous market opportunities, TranSystems decided to renew its lease at the SoNo Corporate Center due to a number factors," says Cahill, in a statement. "Location, pricing and a long-standing relationship with the building landlord all played a major role in the company's decision."
The owner is offering a rehabilitation of the space, which will take place over roughly three months. In the meantime, TranSystems is being provided with swing space during the rehab, according to Cahill. "The landlords were very accommodating," he explains.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
*May exclude premium content© 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.