TMC Completes Another Office Lease in Portland, Oregon

TMC Completes Another Office Lease in Portland, OregonWith offices in the Pacific Northwest and the San Francisco Bay Area, TMC is able to give clients throughout the Western States a consistent level of service wherever their needs are. We are currently completing transactions and site selection work in Walnut Creek and Palo Alto in the SF Bay Area. In the Pacific Northwest we just completed this 27,000rsf office lease and we are working on transactions in Everett, WA and Anchorage, AK.

Payless Drugs hired TMC recently to complete a 27,000rsf renewal in Portland. Their big goals, which became our big goals, were to renew at a competitive rate, and create a set of flexibilities to suit our client’s potential for rapid growth.

By creating several alternatives that were less expensive and of equal quality as the current lease, we were able to add leverage in the transaction that caused the rent to come in well below market for office space in the area. Hard to do effectively in a renewal. But something TMC takes great pride in accomplishing regularly.

Most important to our client was our negotiation of a shorter term, with tenant improvements provided by the landlord. Negotiating strongly for tenant improvements paid for by the landlord, while accomplishing a shorter term, is something many say is impossible. TMC accomplishes it regularly. And in the Portland transaction we successfully created options to expand, in exchange for waiving a termination right we no longer needed.

When you work with TMC you get an experienced partner on every transaction. Not a junior person still learning how to negotiate. Whether it’s the Bay Area, Seattle, Portland or even Alaska, we accomplish the results you want.