Objective:
THAT Corporation selected Spieker Stratmore Commercial as
its exclusive advisor to achieve the following objectives in the lease
renegotiation of its Milpitas, California semiconductor fab facility:
Acquire additional
square footage to accommodate THAT’s headcount growth with
minimal impact to the bottom line
Conduct an
unbiased market survey to ensure THAT received a fair and competitive
market rent without incurring the cost of relocating the facility
Result:
SSC accomplished the above challenges by implementing the following
plan:
Evaluated several
options with similar layouts and infrastructure to expose THAT to
the rent concessions being offered in the market
Focused market
research on buildings with clean rooms in place to create an “apples-to-apples”
comparison with the existing location
SSC negotiated
a right of first refusal on adjacent space to accommodate growth
