LOCATION: Raleigh, NC
SQUARE FOOTAGE: 9,148 SF
After an introductory meeting, Rich Commercial was informed of this requirement to locate the Voith Paper North American Headquarters.
Raleigh options for consideration were provided in a market survey for review. After touring the available options, attention was focused on four properties that best met Voith’s criteria. After competing proposals were negotiated, the company selected a space that could be modified to their corporate specifications. Value was added in reducing the rent by 15% over the term, fixing controllable operating expenses, and providing turnkey improvements at the cost of the landlord. Additional options to renew with fixed rent increases were obtained for the tenant to give future protection.