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Melitta Coffee

Above Market Rents - 110,000 SQFT USA HQ in Florida
Office, light manufacturing and warehouse distribution

Issue:

Lease had increased 3%/year over 10 years so was above market. Had 20K+ office but was only using 10K.

Solution:

Convinced landlord that inefficiency made a relocation a better solution than a renewal.

Result:

Landlord agreed to not charge for excess office, reduced rates to below market. Reduced annual rent by more than $250K/yr.