Sharp Strategy. Expert Negotiations.
Situation
Jpay, Inc., a rapidly growing community-based corrections services ecommerce platform company, evaluates bringing a currently outsourced call center in house.
Tenant desired a suitable class building with long-term occupancy that could accommodate high parking ratio and provide flexibility for employee growth.
The company’s current suburban South Florida commercial property for rent was convenient for executives who lived in the area.
Strategy
RISE Realty leveraged employee demographic reports and drive time analysis of zip codes to identify the best geographic location for a call center.
Our president and broker, Keith Darby, also engaged Broward County’s Broward Alliance to determine eligible economic development incentives for new job creation to persuade Jpay to stay inSouth Florida commercial real estate.
Our team also negotiated flexible lease terms, which allowed for the tenant’s successful business plan expansion from 14,000 to 24,000 square feet within six months.
Results
The City of Miramar’s Economic Development department provided additional corporate incentives that helped keep this South Florida business investment in the Fort Lauderdale real estate market.
Jpay signed along-term lease in a newly developed Class A flex office atSunbeam’s Miramar Park of Commerce, the largest corporate park in southwest Broward County’s commercial office market.
Our client now enjoys a free-standing building with 24,000 square feet of space.
Since the successful completion of the original office lease transaction, Jpay hired RISE Realty to find a subtenant for their Miramar office condo space at the Veneto in Miramar.
Our team was up for the challenge and secured a qualified, creditworthy subtenant in a matter of weeks.