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Walker really wants a shower.

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-----Original Message-----
From: Eric Schwerin <eschwerin@rosemontseneca.com>
Date: Sat, 28 Aug 2010 09:46:46
To: Neil Callahan<ncallahan@rosemontseneca.com>
Cc: darcher@rosemontseneca.com Archer<darcher@rosemontseneca.com>; hbiden@rosemontseneca.com Biden<hbiden@rosemontseneca.com>
Subject: Re: Space Next Door

Yes, I think they are asking $40-41 a square foot (which is currently the
highest rates in the building). These landlords are real a-holes. What
our broker said may be the most likely is that they just tack it on to our
current lease (so the remaining three years) at our current rate (don't have
it in front of me, but it was in the $34-37 range I believe). They wouldn't
go lower than what we are already paying, I believe. But we could hopefully
negotiate a build out into it. Apparently, the building is pretty well
occupied aside from the space on the ground level. We can start asking for
specifics, but also should figure out how desperate and aggressive we want
to seem. Right now, Todd has told the building that we really don't need it,
but since it is next door, we might be willing to think about it and would
like a heads up if someone else expresses interest.

On Sat, Aug 28, 2010 at 12:02 AM, Neil Callahan <
ncallahan@rosemontseneca.com> wrote:

> I like the space alot as well. Between this space and potentially the back
> of the current office, this should be support to support RSA and Vide in
> whatever form Vide will take.
>
> I will make sure to put a loud talking sales person adjacent to RHB's
> office, a Navy Veteran who worked on the air deck of a carrier who is likely
> hard of hearing and like to do all his calls on speaker phone.
>
> I found this on the building from about a year ago where they were publicly
> listing space between $26-$35 a square foot, the $5k a month for 1500 SQFT
> is $40 a square foot. With the Commercial market down from last year, we
> should be negotiating for $30 a square foot or around $3,750 a month. We
> should also not do a new lease, but amend it to the term of the current
> lease with no additional down payment, plus a build out - see attached
> listing.
>
> After the call on Tuesday we should have a better idea, but seems like a
> good move to lock it up.
>
> Best,
>
> Neil
>
>
>
>
> On Fri, Aug 27, 2010 at 5:06 PM, Eric Schwerin <
> eschwerin@rosemontseneca.com> wrote:
>
>> It looks like the space next door is available. Rushmypassport.com was
>> subletting from Blue Mercury and Blue Mercury's lease expires in November.
>> In November, Blue Mercury will probably renew their lease but relinquish
>> the space next door to the building to lease separately and it will go back
>> on the market. Our landlord knows that we are interested and I am told will
>> let us know if anyone else is interested.
>>
>> It is kind of pricey. It is 1500 Sq Feet (doesn't seem that large) and
>> renting for about $5000 a month. I think we may be able to negotiate them
>> down a little - although we may be able to get them to throw in renovations
>> at the asking price. I find it hard to believe that that space will be
>> useful to a lot of people. Alone, it is not the most well designed space,
>> but works really well as an add on to ours.
>>
>> Bottom line, we think we should grab it - we can always sublet if we need
>> to, but it won't probably be available for occupancy until November at the
>> earliest.
>>
>>
>>
>> Eric D. Schwerin
>> Rosemont Seneca Partners, LLC
>> 1010 Wisconsin Ave., NW
>> Suite 705
>> Washington, DC 20007
>> (202) 333-1880
>> eschwerin@rosemontseneca.com
>> *P** **Consider the environment before printing this email.*
>>
>>
>
>
> --
> Neil Callahan
> Rosemont Seneca Partners
> 917-945-9516
>
>


--
Eric D. Schwerin
Rosemont Seneca Partners
(202) 333-1880
eschwerin@rosemontseneca.com