Archive for December, 2009
Patrick Bertolini, MD has opened a new practice, Cheney Ridge Family Medical Clinic, at 3540 Village Drive, Suite 100 in the Williamsburg area. The offices opened late October. Dr. Bertolini was assisted by Tom Graf in locating new space for his practice.
JHHZ Law and Jeffrey, Friehauf & Love CPAs, LLP are relocating from their current offices at 4701 Van Dorn to the office building at 5640 S. 84th Street. They are moving this week and will occupy the entire building. Tarnick Chiropractic & Acupuncture and Signature Eye Care P.C. are neighboring tenants in the north building at 5630 S. 84th Street.
Tom Graf represented the landlord with this lease. If you are needing office space, 2,530 square feet is available for lease in the north building. You can contact Tom Graf at 402-441-5823 or visit our website for further information.
Now that you and your commercial real estate broker have found suitable space to rent, negotiated the lease terms and signed the lease, one last important step as you move forward is to identify and record all critical lease dates that require action. Critical lease dates can include lease expiration dates, rent step-up or escalation dates, renewal and option dates, etc. Failure to manage a particular date could result in such things as a late charge if the full rent is not received; higher rents if a renewal option is not exercised timely; or limited options for new space if the lease expiration date is missed. So knowing and understanding what is contained in your lease agreement is a critical requirement for any commercial tenant.
Farmers Mutual Insurance of Nebraska announced its plans to build a $15 million, 45,000 square foot facility next to its existing headquarters in downtown Lincoln. Farmers Mutual currently owns the property on the full block bounded by 12th, 13th, and K Street and Lincoln Mall. The new building is planned to face 13th Street but no timetable has been set for construction.
Last night the Lincoln City Council gave approval on a $30 million downtown redevelopment of the parking lot just south of the Gold’s Building into a hotel, apartments, entertainment center and parking garage. This block, bounded by 10th, 11th, M and N Streets, is currently used as a parking lot mainly for neighborhing office building tenants. With this approval, it marks the city’s third new hotel project for downtown/Haymarket this year.
DuTeau Chevrolet has recently purchased land located near S. 28th Street and Jamie Lane (just east of Las Margaritas) with plans to move their Subaru division to this site. Timing for the move hasn’t been determined. George Hancock represented DuTeau Chevrolet and Richard Meginnis and Sally DeLair represented the separate owners on the two parcels DuTeau purchased.
First State Bank recently purchased 3.2 Acres at S. 27th Street and Grainger Parkway (just north of Las Margaritas) where they plan to build a bank branch and administrative headquarters. First State Bank has three other Lincoln locations along with eight branches and one loan office in surrounding towns. Richard Meginnis represented First State Bank and Sally DeLair represented the owners, Stone Ledge Village LLC in this transaction. Look for another announcement regarding this area soon!