Jacob Loveland of ELIFIN® represented the landlord in the successful lease of the ±4,391 SF office property located at 625 Colonial Dr in Baton Rouge, LA.

Challenge

Jacob sold this vacant building to the buyer last year. The plan was to renovate it completely and lease it out as an investment, which meant the deal only worked if a tenant could be found. Office space for lease is plentiful in the market right now, so a renovated building had to stand out from a lot of competition to land the right tenant on the right terms.

Strategy

Jacob relied on clear, concise marketing to set the property apart in a crowded field of office availability. When a tenant came to the table, the lease negotiation took longer than expected, with a lot of back and forth between both sides. Jacob stayed with it, working through each round of discussion until the landlord and tenant landed on terms that worked for both.

Result

The lease was signed, and the owner got a really great deal. The landlord’s plan to renovate the vacant building and lease it out became a reality, turning the property into the stable investment he had set out to create. Jacob saw the plan through from the original sale to the signed lease.