Federal Lessor Advisory Group

A strategic lease renewal process led by CBRE FLAG results in a 15-year firm-term lease for a Building Owner, retaining a government tenant through proactive negotiations.

CBRE FLAG was successful in negotiating all four (4) lease renewals more than six (6) months in advance of their expiration date at 100% of the space leased at increased rents for 10-year firm terms.

CBRE FLAG successfully renegotiated a lease with GSA for a Homeland Security Office in Dover, Delaware. The new 10-year term includes a higher rental rate and necessary property improvements.

The Internal Revenue Service’s Taxpayer Assistance Center (TAC) in Brooklyn, NY initially needed 8,700 SF of new space, but its many special requirements narrowed the field of competitors considerably.

The National Institutes of Health (NIH) were occupying 83% of a 225,000 SF building with 2 years left before the end of their original 10-year lease term

The IRS was in a 22,500 SF agency direct lease with the landlord but was under pressure to give up its delegated authority and move to a GSA lease upon expiration without a finalized long-term space plan

The relocation of the Government during a lease term is a near administrative impossibility because of Government workload. The challenge was to get the attention of GSA and DOD with a proposal for a Landlord-paid relocation of a portion of the tenancy to another building under the Landlord’s control.

A large U.S. Institutional investor purchased a portfolio of nine (9) buildings, fully leased to the Federal Government across seven states, most of which below 30,000 SF

A large U.S. Institutional investor purchased a portfolio of nine (9) buildings, fully leased to the Federal Government across seven states, most of which below 30,000 SF.

The U.S. Federal Emergency Management Agency (FEMA) implemented changes in how it responds to emergencies nationwide and charged GSA with procuring them a 250,000 SF warehouse with dozens of special requirements which no existing building would ever already be equipped with

The Federal Bureau of Investigation (FBI) was restructuring resources between its three primary offices in Tennessee. The reorganization of its three offices resulted in the Memphis Field Office reducing its leased footprint by half.

Knowing that the tenant relocation was not a risk to the Landlord given the infrastructure invested by the Government, CBRE needed to maximize the value of the lease so the Landlord could refinance the property at the best terms available.