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Ernstrom & Dreste | Rochester, NY
Size: 6,300 SF
Sector: Legal/Law Firm
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Service: Tenant Representation
From the suburbs to a high-rise building in downtown Rochester, with a savings over $300,000 in 4 years.
The Need
Ernstrom & Dreste (E&D) specializes in construction and surety law. The firm has offices in New York City and Rochester, New York, and serves clients throughout the country. The firm has been listed on Super Lawyers, Martindale, and as one of the Best Law Firms on U.S. News.
Since E&D works on a lot of commercial matters, it was important for them to be within close reach of their clients in Rochester similar to their Madison Avenue location in New York City. E&D initially hired BellCornerstone to do a lease audit since their CAM expenses had significantly increased. BellCornerstone found overcharges and learned that the building management would maintain those raised charges, which would hurt the firm’s bottom line, especially since they were only using half of the designated 10,620 SF leased space.
The BellCornerstone Approach
BellCornerstone understood that the current space was not fit to properly meet E&D’s needs so BellCornerstone first found a subtenant to lease out the entire space for the three remaining years left on the current lease agreement. In addition, BellCornerstone found E&D a modern suite in downtown Rochester suitable for their business needs and near many quality eateries.
The Result
E&D moved from the suburbs to a high-rise building in downtown Rochester. Their new lease deal includes a termination option, six months of free rent and savings of $300,000+ over four years.