TRANSACTION SUPPORT PHASE
REVIEW / ASSESS / IMPROVE
Engage with the Pivotal team for owner’s advisory/consulting services. Set up clear parameters for broker and conduct external due diligence.
- Participate in real estate strategy sessions
- Develop site selection criteria matrix
- Tour client space for issues to address
- Participate in site walk-through
- Conduct building evaluations
- Evaluate sites for embedded value/defects
- Develop comparative costs for each Site
- Note base building defects, remedies req’d
- Evaluate lease for construction approach
- Review landlord proposed costs
- Comment on/revise tenant work letter
- Comment on/revise facility spec
- Negotiate landlord/tenant costs
- Recommend/negotiate work letter changes
- Concept budgets/schedules for each site
INVESTMENT
- Contract budgeting
- Refined budget
- Legal should be engaged to review
- Build/buy/land agreements
