The Challenge: The client had been an office tenant in their Detroit location for many years. They contacted Compass Commercial after the building had been listed for sale and a buyer was completing their due diligence by asking the tenant to sign off on an estopple certificate, which is a letter ...
Tag: tenant representatives
November 5, 2020Lynn Drake
https://youtu.be/yyMvysoa1Nk The Challenge:Motor City Dance Factory was in a 5,000 sq ft, one-story office building in Southfield, Michigan. Their original location did not have high enough ceilings for the dancers and gymnasts. There was not enough parking, and the business had outgrown the space long ago. What We Did:Compass Commercial worked with ...
August 21, 2020Lynn Drake
THE CHALLENGE The Betty Brigade had experienced a growth spurt and needed space that would allow them to handle the current staff while growing about 50% in the next few years. Compass Commercial worked with The Betty Brigade and found a great location for the company. However, it ended up that the space was ...
July 23, 2020Lynn Drake
The Challenge: With the help of Compass Commercial, Aras opened a 1,000 s.f. office in Troy, MI in 2014. However, within just a couple of years, Aras needed to double their size, and by 2018 they needed a space for 40 people. What We Did: Compass needed to identify a building located ...
June 17, 2020Lynn Drake
The Challenge:The State of Michigan needed a new location for their Secretary of State office in St. Clair Shores, because the location under lease did not have enough parking for their vistors The State had outsourced their real estate acquisitions to 5 commercial real estate companies operating in Oakland County, ...
June 12, 2018Lynn Drake
Letter of Intent:A letter of intent spells out the terms of an agreement to lease or buy commercial real estate. I usually use one when making an offer to purchase a property. It defines the location, price, and specific terms of an agreement subject to a contract being prepared and ...
May 31, 2018Lynn Drake
Image from The Art of Custom Framing website Just because a building started out as one thing doesn't mean it has to stay that way.That was my thought, in 2016, when I came across a former racquet ball court building in Troy, Michigan, while researching new space for my art gallery ...
November 13, 2017Lynn Drake