PROJECT TEAM
Craig Reinhart
David Reinhart
CresaPartners

Tim Myllykangas
CresaPartners

CLIENT OBJECTIVES
Investigate existing and build-to-suit site options in Portland and Vancouver, Washington to accommodate 100 sf/FTE gross density for inbound call center operations SI was in buildings on Murray and Nimbus in Beaverton and was seeking efficiency and expansion for its high growth in-bound call center operations. Sensitive, confidential negotiations are being conducted on multiple sites, comparing existing westside suburban buildings with build-to-suit options. CresaPartners is leading all developer and market contact, site due-diligence and negotiated the Letter of Intent, Lease and Comprehensive Work Letter/Delivery Agreements.

RESULT
Flexible lease restructures have been negotiated to allow for significant expansion in the Portland area, where confidential negotiations are under way. Economic incentive discussions were reviewed and analyzed by CresaPartners, although, other than training support, incentives are not significant in the market areas under consideration.

Additional Assignments
Recent restructuring of 29,000-square-foot Nimbus Corporate Center Lease.