Location

Central Business District
Richmond, VA

Size

8,700 RSF

Use

Office & Bar Center

Services Provided

  • Workplace Strategy

  • Tenant Representation

  • Project Management

12 months free rent

Above Market Improvement Allowance

  • reducing client out‐of‐pocket expenses

Favorable Lease Terms

  • to include termination, ROFR, and renewal options

Case Study:

Real Estate Goals

• Fully evaluate all relocation options in Richmond’s CBD

• Upgrade and improve office space

• Consider addition of new bar center


Solutions

• Created a class‐A space in a class‐B building with a 125 person common area conference room free for tenant use

• Savings achieved from the above allowed for the inclusion of the first ever RVA Bar Center in the organizations 100+ year history within the Premises

Challenges

• Multiple decision makers

• Meeting goals and objectives of employees, board and membership

• Budget – the VBA is a non‐profit voluntary membership organization

Result

• All goals were achieved through a coordinated, thoughtful process which included the leveraging of the VBA’s two building finalists