YEARS OF SERVICE: 3
SQUARE FOOTAGE: 243,035

The PlayhouseSquare Real Estate Services team was hired in 2003 to perform Construction Management and Property Management services for a 243,035 square foot muti-tenant office building with first floor retail. PlayhouseSquare Real Estate Services were to oversee the 42 million dollar renovation project- keeping it on schedule and within budget. Once complete, PlayhouseSquare Real Estate Services were to set up all operating procedures, financial reporting systems and manage and lease the facility on a day-to-day basis. PlayhouseSquare Real Estate Services were to increase the value of the real estate and sustain the environment within the PlayhouseSquare district.

SERVICES PROVIDED
Construction Management of the 42 million dollar renovation project
Asset Management Services
Property Management Services
Construction Management of Tenant Improvements and Building Improvements
Lease Administration
New Lease Negotiations
Operating and Capital Plans
Financial Analysis and Administration
Emergency and Environmental Risk Management
Tenant Relations
Real Collection and Litigation
Tax and Insurance Management and Appeals

RESULT
PlayhouseSquare Real Estate Services completed the renovation project on schedule and within budget. Additionally, occupancy was increased from 0% to 86% over a 2-year period,
creating over 2 million dollars in net operating income.

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