11 Jul 84 Days to a National Tenant
Adrien Foley and Brady Becker of ELIFIN® represented the landlord in the successful lease of the ±10,000 SF office warehouse located at 1309 Dealers Ave in Elmwood, LA.
Challenge
The landlord had purchased the building in cash and put real money into renovating it. With that investment made, he was eager to get a tenant in. The pressure to lease fast in a market with multiple interested parties meant the process had to be managed carefully, keeping prospects engaged and the landlord’s expectations grounded.
Strategy
Adrien and Brady moved with urgency, conducting multiple tours and working through a field of interested parties to identify the strongest candidate. The goal was not simply to fill the space but to land a tenant whose profile matched the quality of the renovation and the landlord’s long-term interests. That effort produced a national operator with a presence across 36 states and annual net sales and revenue in the hundreds of millions of dollars.
Result
The landlord secured a national-caliber tenant within 84 days of going to market, the renovated building is now occupied by one of the more substantial businesses to plant a flag in the Elmwood market, and the landlord’s investment is backed by a tenant with the scale to support it for the foreseeable future.
Leading Agents
Adrien Foley
No Comments