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WASHINGTON FINANCIAL

INDIANAPOLIS, IN

SUBLEASE

Washington Financial is a local mortgage company located on the southwest side of Indianapolis. The company wanted to improve its image in order to attract a broader customer base. The plan was to upgrade into a Class A facility and to relocate into offices on the city’s north side. The preferred area for relocation was Keystone at the Crossing Office Park. This Class A upscale building complex was recently purchased by a new owner. This posed a challenge as the new owner planned to offer the office park’s facilities at a premium rate for larger tenants, which was an issue for the smaller company.

A P P R O A C H

Search the north side office market near the client’s preferred location, to find alternative locations that could offer the required SF at an affordable lease rate.
Present several cost effective options and provide a comprehensive analysis.
Find sublease in Keystone at the Crossing and provide a detailed cost analysis.
Negotiate with master tenant to downsize a space suitable for client’s needs.

R E S U L T S

Summit negotiated a sublease at 8888 Keystone Crossing, the client’s preferred location and the largest, most visible building in the complex.
The desired location was also at a below average lease rate with a 4 year term.
Summit assisted the client to demise the space at a reduced cost.