Situation:

The Client needed to reconfigure and expand their space at U.S. Bancorp to accommodate new lines of business. The location was critical due to business transacted with Target Corporation.

Solution:

Competitive Advantage - Identified and pursued alternative options to establish a combative approach with the current Landlord and negotiate terms more favorable to the Client. 

Innovation – Hempel structured a phase-in approach to the premises which allowed Tenant use of the space prior to commencement of rent. 

Value Creation – Hempel negotiated an early renewal and expansion which allowed for Landlord-funded improvements to the premises and free rent as an incentive.