24,851 Square Feet   |   Loan Processing Center

WMC, a mortgage loan processing company headquartered in California, had no presence in Texas at the time of the assignment.  From the initial telephone call of engagement, we had 60 days to identify locations, negotiate a lease, perform construction and ready the space.  Timing was especially critical because WMC could not afford to miss the home loan re-finance market.

In addition to completing the transaction from start to finish in 59 days, our value adds included:

Results

• Total Value of Concession:    $1.9 million
• Free rent valued at $134,610.00
• A Sublease rate $9.00 lower than the direct building rate, resulting in rent savings of $950,551.00
  
• No operating expense pass-throughs, resulting in rent savings of $110,271.00
  
• Furniture valued at $575,000.00
• Cabling system valued at $42,750.00
• UPS system valued at $5,000.00
• Liebert unit valued at $18,000.00
• Audio/visual system valued at $70,000.00

Susan B. McClure, CCIM

Susan McClure
Executive Director
214-384-9261
smcclure@mcclureusa.com