Legislative Counsel signed a long term renewal that was 20% less than the original landlord proposal. After that lease negotiation was completed, then BCRE was retained to renegotiate the Data Center lease at 1100 J Street.
BRS owned a 15,000 S.F. building in Midtown Sacramento and a 20,000 S.F. parking lot two blocks from their building. BRS had grown to approximately 100 employees and they were out of space. Besides that they had taken on more debt than desired and they wanted to eliminate the debt and relocate into a new location. BRS had no initial submarket preference and they did not know whether they wanted to lease or buy a new location.