Virginia Beach, VA, February 08, 2008 --(PR.com
)-- ExclusiveTenantRep.Com announced that it has successfully assisted Vandeventer Black, LLP (www.vanblk.com) with closing a lease transaction for 40,000 sq. ft. of office space in Norfolk’s World Trade Center. Vandeventer Black, LLP, a venerable maritime law firm which was established over 124 years ago, retained Timothy J. McEvoy, SIOR, of ExclusiveTenantRep.Com to evaluate and analyze market opportunities.
The entire transaction took 18 months to complete. ExclusiveTenantRep.com successfully advocated for a twelve year lease at below market terms and for above market tenant improvement contributions from the landlord. Originally, Vandeventer Black had considered several options, including building to suit, and ExclusiveTenantRep.com conducted a thorough investigation of several sites that could be constructed to accommodate immediate and future growth models. Based on the results, it was ultimately decided that leasing an already existent space was the best alternative.
Located in Virginia Beach, Virginia, ExclusiveTenantRep.com is the only locally owned and operated Commercial Real Estate Brokerage and Advisory Firm that exclusively represents business and institutional tenants and buyers. The firm was founded by Timothy J. McEvoy, SIOR, an experienced Commercial Real Estate Broker with over 20 years experience in the field. Because ExclusiveTenantRep.com solely advocates for tenants and buyers, the potential conflicts of interest that can occur are eliminated and the firm can evaluate and negotiate those properties best suited to its corporate clients' needs.
ExclusiveTenantRep.com is an affiliate of the International Tenant Representative Alliance (ITRA), which, with representation in over 68 cities, is the leader in exclusively representing corporate buyers and tenants worldwide. Its affiliates advocate for clients to find the optimal property and then assist them in negotiating the best possible lease terms. Throughout the process, this global organization provides knowledgeable and objective advice from local office leasing professionals. ITRA firms do not work for landlords or real estate management companies, eliminating the potential conflict that
exists with traditional brokers.
For more information about ExclusiveTenantRep.Com, contact Timothy J. McEvoy, SIOR, at Tel. 1.757.747.7440/ FAX 1.757.313.6634 or visit www.exclusivetenantrep.com.