A single-tenant requirement doesn’t necessarily mean a single tenant has to occupy an entire space.
Transaction Details
Client: Screenlife
Size: 2,000 - 65,000 SF
Space Type: Office
Sector: Corporate
Service Line: Brokerage
Keywords: Tech
Detailed Expertise
- Tenant representation
- Strategic lease negotiation
- Relocation planning
Challenge
Screenlife, a pioneer in the high-tech game industry, is urban to the core. In the beginning, the firm leased space in historic Pioneer Square, a cultural fit with the firm’s artsy staff. But success came fast and Screenlife needed to expand. The company knew moving to a suburban campus would give them flexibility, but also knew it would cost them in terms of retaining talent. But where would they find a space big — and edgy — enough?
Solution
Kinzer knew Screenlife’s continued success was closely linked to the brand’s internal culture. So when NBBJ, a signature architecture firm, announced it was moving out of a rare 73,000 SF stand-alone building in Pioneer Square, Kinzer was ready. The problem was Screenlife didn’t need all of the space, and the building lease called for a single tenant. Kinzer negotiated terms that permitted Screenlife to control the entire building without having to pay for unused expansion space until they needed it. The strategy was a win-win-win for Screenlife, local businesses, and the building owner.