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Outrigger Energy

Outrigger Energy is a new company with a successful heritage. The team that founded Outrigger already had a successful track record in the midstream sector of the oil & gas industry. Benchmark Commercial was chosen to help identify and negotiate for an office space that would reflect past success but not burden the new company with unreasonable startup and on-going occupancy cost.

The Tabor Center was the first choice from the beginning but didn’t have the right size office space for rent currently available. After negotiating on two other landlords, the size and timing coincided, and the right space became available! The new offices for Outrigger required minimal changes to fit their needs and a portion of the Tenant Improvement Allowance was set aside for future use or to reduce future rent.

Initial Landlord Proposal Benchmark  Negotiated Terms Total Savings
Square Feet 6,829 6,829
Free Rent 0 months 4 months $59,184.68
Effective Rate $28.00 $25.78 $17,704.87
Tenant Improvement Allowance $0.00 $170,725 $170,725.00
Real Estate Fee Paid by Landlord Paid by Landlord
TOTAL SAVINGS $247,614.50

 

“Thanks for all the time and effort spent the last few months getting our office space figured out. I’m very happy with where we ended up. I appreciate your professionalism and attention to detail and will certainly recommend your services going forward.
I wish you guys the best on the continued success for Benchmark Commercial and look forward to staying in touch.”
– Dave Keanini, President & CEO, Outrigger Energy