Landlord and tenant representatives secure long term tenant

| Posted by Casey Hatcher

Retail: Rent-A-Center

Agents: Erik Johnson and Matt Muzechenko

Property:  3141 South 14th (former Hollywood Video)

Parties:  Leasing Agent Matt Muzechenko, Tenant Representative for Rent-A-Center; Erik Johnson, Listing Agent and Landlord Representative; Tenant Rent-A-Center; and Landlord Brian Finerman, Irrevocable Trust 

Goal: National tenant (Hollywood Video) files bankruptcy and defaults, leaving landlord with vacancy. Our firm marketed and negotiated a long term lease with another national tenant (Rent-A-Center) at market rate.

Obstacles overcome: Tenant build outs and lease negotiations.

Final result: Long term tenant. Landlord’s property value is over $1,000,000.00 with the new tenant.