Advisory Services

At times, the tailored real estate strategy determines that to maximize the value of real estate operations it is more advantageous to acquire rather than lease commercial real estate. Principal Real Estate Partners possesses the education and experience to fully understand the dynamics involved with the acquisition of commercial property. Traditional brokerage companies simply present deals and anticipate closings. We operate on a whole different level by taking a consultative lead from start to finish.

Executives involved in the Acquisition Advisory Services Division of our firm hold master’s degrees in real estate and have been involved in completing over $155 million dollars in transactions. We thoroughly understand the complexities of the acquisition process, including:

• Situs and inherent property characteristics that may affect short-term and long-term investment value;
• Property valuation techniques that achieve an accurate opinion of market price;
• Investment return measures, taking into account the current financial markets and their effect on returns, as well as how those returns will vary over time; and
• Due diligence – we take a lead in this process by abstracting and analyzing tenant leases, auditing building operating expenses, verifying property maintenance and investigating environmental issues

Our goal in the acquisition process is to minimize risks by thoroughly researching and analyzing the asset and using that knowledge to negotiate the best possible purchase terms. Once an asset has been acquired, we continue to work closely with our clients to preserve and ultimately increase investment value through professional property management and leasing.

Tenant Representation

Principal Real Estate Partners, LLC has extensive experience representing tenants with office, retail, and industrial leases and lease renewals. Our clients range from large companies with multiple sites to local firms with single locations. On all our tenant representation engagements, we listen carefully to understand your business and then work hard to provide a strategic real estate plan that incorporates your short-term and long-term business objectives. The end result is a strategy tailored to lower your real estate costs, minimize occupancy risks, improve occupancy control and flexibility, and provide a more productive office environment.

• Our multifaceted approach includes:
• Strategic planning by incorporating both short-term and long-term company growth objectives;
• Market surveys and analyses of available commercial space;
• Site selection recommendations based on such factors as professionalism and responsiveness of the building landlord and property management team;
• Lease negotiations & renewals; and
• Ongoing support.

Ultimately, the Tenant Representation Division provides the expertise that enables clients to make informed decisions and maximize the value of real estate operations.

Disposition Advisory

Asset maturation and current market dynamics, as well as the goals and objectives of our clients, determine the appropriate timing for asset disposition. Principal Real Estate Partners’ comprehensive understanding of commercial real estate and broad outreach to the investment community enables a timely disposition, fully maximizing the value of the asset as well as investment returns.

The principals of our firm take the disposition engagement very seriously. We do not simply “put up a sign and wait for the phone to ring”. We take a very proactive approach to marketing, utilizing existing relationships and trusted resources, while maintaining appropriate confidentiality.

In addition, we regularly work with our corporate clients and their financial and accounting advisors to structure and negotiate sale-leaseback and other sophisticated off balance sheet financing transactions.

Site Development Advisory

Principal Real Estate Partners works directly with commercial developers from the initial development concept and design through the construction and lease-up of the project. Our Development Advisory Division specializes in site location analysis, highest and best use analysis, development strategy recommendations, market feasibility, and due diligence services.

From financing to site selection to construction and tenant issues, commercial real estate development is very complex. How well you manage these complexities will determine how well you capitalize on your opportunities. We apply the breadth and depth of our experience and resources to help you optimize your potential.