Tubelite leased 19,200 SF of office-warehouse space in Park 100 at a time when vacancy rates were at record lows. It happened to be during the middle of a Global Pandemic when the industrial market remained healthy and strong. Tubelite had no desire of relocating to a new facility but still wanted to create the proper leverage in negotiating a lease renewal with the existing Landlord.
Thanks to John Myklusch, CFO, Tubelite was proactive in evaluating their real estate lease for their Indianapolis operation. John engaged Adam Stephenson to assist with the lease renewal process. By taking a proactive approach, Adam was able to identify an alternative space in the market with a competing Landlord, which was similar in size & in location. Adam utilized this alternative space in the market to create the adequate leverage, to negotiate the best possible deal terms with the existing Landlord, for the client.