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Transaction Timeline
Define basic space requirements: Size and layout , expansion and option space, price and term, image and quality, geographical area, discuss lease securitization issues. 1 day Selection / interview with support team: Interview and select space planner, architect, & attorney. 1 to 7 days Determine alternatives available: Search market database, verify of terms and conditions, review list with client 7 to 14 days Narrow down alternatives: Inspection tours with client of likely alternatives, space planning of best alternatives, selection of top alternatives, request for proposals on top alternatives 7 to 14 days Analysis of proposals and alternatives: Financial analysis, layout efficiencies, intangibles and goal analysis 1 to 7 days Final selection: Choose top alternative with client, establish terms required, prepare and present counter-offers, approve, re-negotiate, or select other alternatives, review lease for business points and legal points, review Work letter, re-negotiate lease terms if necessary. Sign lease 7 to 30 days Tenant improvements: 30 to 120 days MINIMUM TIME ESTIMATES Before Tenant Improvements -24 to 103 days Including Tenant Improvements -54 to 194 days
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