RETAIL PROPERTY OWNER SEEKING TIMELY LEASE EXECUTION
A private landlord was eager to lease their retail property by the end of August 2025. They entered the process with high expectations on rental rates, influenced by earlier residential guidance. Kay was engaged to drive interest, educate on current market activity, and help secure the right tenant under fair, competitive terms.
TRANSACTION DETAILS
Property Type: Retail
Sub-Market: Metro Atlanta
Client Goal: Lease executed by August 2025
Client Source: Referral from trusted financial advisor
CHALLENGES & SOLUTIONS
Initial pricing expectations were above prevailing market conditions, which slowed tenant traction.
Kay responded by presenting multiple LOIs to illustrate real-time market demand. These offers helped guide the landlord toward a more strategic pricing approach. In collaboration with a commercial real estate attorney, Kay ensured the lease terms aligned with industry norms—streamlining the final agreement.
RESULTS & IMPACT
- Lease executed within target timeline
- Tenant secured at competitive market rate
- Legal oversight ensured proper lease structure
- Owner relieved of vacancy and pleased to move forward
1380 Spring Street
