DTI Sevices
633 West 5th St. Downtown Los Angeles, USA
CHALLENGE
DTI’s objective was to extend their lease for 5 years to lock in their rates and occupancy while the market was at the bottom.

SERVICES
Nathan utilized his relationship with Maguire Partners to negotiate the renewal after evaluating alternative spaces. In the end, they negotiated a new 10-year lease for three
floors (61st, 68th and 72nd).

RESULTS
The results of this new lease were terrific for DTI Services. The negotiated initial rate was 10% below market. In addition to, Nathan negotiated a Tenant Improvement allowance that could be converted to free rent. All past securization was eliminated.
RSM McGladrey
515 S. Flower St.
Downtown Los Angeles, USA
CHALLENGE
RSM McGladrey required the ability to double the size of their space in downtown Los Angeles at a prenegotiated rate after 24 months of the initial lease term. They also desired to occupy 25,000-30,000 square feet on a single floor.

SERVICES
Colliers International surveyed the market and personally spoke with each Class A Landlord Representative within the client’s geographic target area to ensure that all qualified space options were discovered. After market tours, three spaces were selected and leveraged to negotiate the best terms for the Client.

RESULTS
Colliers International was successful in concluding negotiations on behalf of RSM McGladrey with a 10 year lease on the 41st floor of 515 South Flower that allowed them to take 12,000 square feet immediately and grow into the rest of the floor’s 27,000 square feet. All Tenant Improvements are being paid up front by Landlord and the occupancy rate is 15% below market comparison.
Nexon
222 N. Sepulveda Blvd.
El Segundo, USA

CHALLENGE
Nexon America, Inc., a growing online gaming company, occupied two floors in a mid-Wilshire building and were desirous of relocating. Their existing space was inefficient. One and a half years remained on the lease term.

SERVICES
Colliers International prepared a survey of the market, which included an evaluation and ranking of each building based upon selected criteria. Colliers then submitted RFP’s to all prospective buildings. A short list was developed. Two “Letters of Intent” were negotiated simultaneously maximizing Nexon’s position. All responses were analyzed and financial models were prepared to provide Nexon with an extensive evaluation, and a definitive cost comparison.

RESULTS
Colliers International was successful in concluding negotiations on behalf of Nexon with a 7-year lease at a competitive below market rate with five-year fixed increases, a Tenant Improvement Allowance to finish the premises, expansion options and free parking for the initial term.