Client Profile
Wendel, Rosen, Black & Dean
1111 Broadway, Oakland CA 94612
Tenant:
Wendel, Rosen,
Black & Dean
Landlord:
Shorenstein
Company
Location:
1111 Broadway
Square Feet:
38,126
Term:
10 years
Challenges:
Reduced last year of term rent
obligation by 35%. Renewed and
expanded current space for additional
10 years. Included 9,000 square feet
of expansion space.
Wendel, Rosen, Black & Dean LLP, www.wendel.com,
founded in 1909 is one of the largest law firms in the East Bay dealing with transactional and litigation matters.
Wendel, Rosen, Black and Dean were eight and half (8.5) years into a ten (10) year lease term and occupied the
top two (2) floors of 1111 Broadway. They required a
ten (10) year renewal and wanted expansion space for
growth and hired Aegis to negotiate with their landlord.
The deal structure reduced the last year of their lease by
thirty-five percent (35%) and secured rates for the next ten (10) years. Wendel, Rosen, Black and Dean received
tenant improvement dollars and the expansion space
was completely built out to their specifications. Aegis
Realty Partners were also able to remove partner
personal liability from the lease.
