Kaplin Stewart28,193 SF / Lease Renewal
1910 Harvest Drive, Blue Bell, PA
- Market Analysis
- Site Search
- Space Programming
- Lease Negotiation
- Project Management
- FF&E Procurement
- Construction Management
As we approached the end of our lease, we engaged Gola to help us determine whether it would be more advantageous to renew or relocate. An extensive site search revealed several viable relocation options, the details of which Gola used to leverage an attractive renewal deal with our current landlord. In addition to market acumen, they also provided us with project management services at no extra cost. This was valuable, because a 28% decrease in square footage required a new space plan and construction to accommodate it. Gola’s project expertise with programming, planning and construction management shifted the burden from Kaplin Stewart staff and kept the process running smoothly.
– Adelaine F. Williams
Chief Operating Officer
Towards the end of 2020, with their Blue Bell lease coming up for renewal, Kaplin Stewart reached out to Gola to determine whether the best option would be to stay and negotiate a new lease or relocate.
Market due diligence revealed that the best option was to stay. A new long-term lease was signed for 28,193 square feet—a decrease from 39,547 square feet due to changes in space utilization as a result of the pandemic.
Gola performed an extensive site search, leveraging other buildings and advancing a relocation plan to achieve a significant rent reduction, a favorable concession package, and a full build-out from their current landlord. This approach prevented the expense and major disruption of a move.
Our project management team worked closely with the client to create a new floor plan and finishes that reflected a pandemic-inspired hybrid work model. Construction proceeded smoothly and was completed while most employees were working from home.
about Kaplin Stewart
Kaplin Stewart Meloff Reiter & Stein, P.C.—Kaplin Stewart for short—has been providing legal services in the region since 1997. The firm has grown to more than 30 attorneys in three locations—Blue Bell, Philadelphia, and Cherry Hill. The practice offers services covering the many facets of real estate and construction law, as well as business and corporate law, employment law, environmental law, estate planning and administration, and commercial litigation. In 2021, Kaplin Stewart was nationally ranked in three practice areas and regionally ranked in seven practice areas by U.S. News – Best Lawyers “Best Law Firms.” For more about Kaplin Stewart, click here.
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