Memphis-based Terminix, a leading national provider of pest
and termite services, recently signed a new office space leasing agreement with
their landlord to remain in their current office space. Working with their
leasing agent, they were able restructure their current office space lease and
an early extension for 15,762 square feet for their regional contact center in
Norcross. Terminix will not only reduce their rental costs by 20 percent , they
will also receive capital for improvements to the entrance and lobby of the their office.
Many companies are looking to reduce their real estate costs
by taking advantage of current market pricing and conditions. A creative way to
do this is to restructure your current lease through an Extend and Blend
leasing agreement. The Extend and Blend is simple amendment to a current lease
that extends the length of the lease and usually includes additional incentives
from the building owner. These incentives can include reductions in rental
rates, operating expenses and in some cases tenant improvements.
For more information on the Extend
and Blend lease program please download the Extend and Blend leasing program brochure.
