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User Sales

Note, some of the below clients were served by participants prior to their involvement at Larsen Commercial

CLIENT

TASKS

Medical Center Development Corp.

Represented Seller

Services Provided:
  • Property valuation

  • Encouraged sale of property

Challenge:

  • Low cap rates

  • High price per square foot

Outcome:

  • Buyer - WRIT

Pricing:

  • $67,000,000/$383.39 psf
  • Rockville Buildings $425 psf
  • Highest price nationwide psf for medical office
  • Cap Rate: 5.75% (Rockville Building)
  • Close Date: 07/06

All State

Rockville, MD, Bel Air, MD

Alstom SA

Represented Alstom SA in the $30 Million Sale of its facility in Rochester, NY

 

275,000 Sq Ft

Novell/Trammell Crow

Building sale leaseback

 

Challenge:

  • Novell, working with its advisors, was seeking to do a sale-leaseback of its 100,000 square foot building in  Herndon, Virginia

Solution:

  • Larsen gathered information and presented a qualified buyer, Trammell Crow Company, to Novell
  • A new 50,000 SF lease was negotiated 
  • Trammell Crow purchased the buildin

99,142 Sq Ft

All State

TV Answer -
Reston, VA

Building purchase and multiple acquisitions

 

Challenge:

  • TV Answer on a rapid growth curve.  Needed expanded office "campus" immediately
  • Grew from 5 to 400 people in 2 years
  • Needed satellite transmitter facility with 25 ton base

Solution:

  • Negotiated for 26,000 square foot existing and "forgotten property"
  • Purchased neighboring 50,000 sf building from a defaulted loan situation from a bank and existing landlord.  Required negotiation for landlord to remove the property from bankruptcy and bank to forgive the unpaid loan
  • Hired architect and project manager to renovate the building
  • Leased 30,000 square feet in a neighboring building and 15,000 square foot warehouse
  • Negotiated with county to allow a satellite dish special exception

120,000 Sq Ft

All State
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