ITRA /Compass Commercial, LLC, a leading provider of tenant representation services throughout North America, is proud to announce it recently negotiated a lease renewal for 2,434 square feet of office space located at Troy, MI for Aqua Advantage. Lynn Drake, MCR, President of ITRA /Compass Commercial, LLC represented the tenant in this transaction. The savings between the rental reduction and free rent is in excess of $27,000 which is approximately a 30% reduction in rent. Additionally we have reduced Aqua’s risk by removing the relocation clause and having the landlord take over the responsibility for replacement of the HVAC unit.
Compass Commercial, LLC is an affiliate of ITRA Global, which, with representation in over 85 world markets, is the leader in exclusively representing corporate tenants and buyers of Commercial Real Estate worldwide.
Further information is available on the company website at http://www.compass-commercial.com or by calling 248.341.2410.