My name is Dr. Michael Benson. I own an OBGYN practice that is part of the MCWHC network in Deerfield, IL. Our entire organization has been working with Bill Himmelstein to help each individual practice reduce its leasing costs and improve their space. For my office, he was able to negotiate a rental reduction from $36.00 Gross down to $27.00 Gross, or a 25% reduction. He was also able to get the landlord to throw in 3 months of free rent and completely pay for the renovations and changes we made to our space. Bill took us through the process of building leverage for our negotiation by touring other properties and negotiating with those to understand what the current market would yield. He has a very calm and polite demeanor in both his negotiations with my landlord and in working with me. His comments on our lease were insightful, strategic, and helpful. After he did such a great job on our lease in Deerfield, we are now having him negotiate an extension of our Lake Villa office.
My name is Dr. Ann LaBarge and I am the managing physician of an OBGYN practice in Park Ridge. We were introduced to Bill Himmelstein of Tenant Advisory Group, LLC through the Executive Director of our group, Midwest Center for Women’s Health Care. When Bill was
initially introduced, we had an offer on the table from one property of $31.00 psf and $25 in tenant improvement. Bill showed us what was available in the market and found the perfect location for us. He then was able to negotiate a $23.50 Gross rate and a $70 psf improvement allowance, which equated to over $470,000 cash from the landlord to build-out our space. He was able to get ownership to throw in free occupancy prior to November 1. He worked diligently along with our attorney to negotiate the legal aspects of the lease. Because of Bill, we will be able to affordably move into brand new medical space. He was responsive, displayed a calm and controlled demeanor throughout the process, and we are very pleased with the deal he has accomplished on our behalf.
TAGS