The Great Disposition: How The Office Advisor team subleased space that was deemed “un-subleasable” in record time.
Location: 120 West 45th Street NYC, between Avenue of Americas and 7th Avenue.
Category: Disposition
Industry: FinTech
New York Headquarters: Midtown
Company Size: 201-500 employees
About Kapitus
Founded in 2006, Kapitus is one of the most reliable and respected names in small business financing. As both a direct lender and a marketplace built with a trusted network of lending partners, Kapitus is able to provide small businesses the financing they need, when and how it is needed. With one application business owners can save time and money, while eliminating the stress that comes with applying to different lenders.
Client’s Challenges
- Consolidation: After years of “band aid” expansions, Kapitus realized it was time to consolidate it’s New York City team under one roof. The problem was, what were they going to do with their old obligation.
- Demand Generation: Kapitus listed their legacy office space for sublease. Their previous broker had marketed the space for over a year and was failing to deliver results. Each month that went by was costing Kapitus on space they no longer needed.
Solution
Don’t wait for the phone to ring!
The Office Advisor team does not leave solutions our client’s success up to chance.
- Marketing: Working with The Office Advisor team comes with the perks and exposure of a Fortune 500 Platform. Kapitus needed a complete revamp of marketing assets and strategy before re-introducing the opportunity to potential Subtenants.
- Direct Outreach: When you hire The Office Advisor team to sublease your space, we guarantee that there will not be a single company in New York City that doesn’t know about it. With a database of over 10,000+ companies, we don’t wait for brokers to call us, we go directly to the source.
The Results
- Within one month, The Office Advisor team found a Subtenant with a direct cold call.
- Kapitus recovered 100% of their remaining obligation.
Quote from Brad de Voogd (SVP, Finance & Strategy)
“Working with Peter and Dan was really great. My company had been working with another broker/company for about a year with little movement, both on subletting current space and with some upcoming real estate needs/projects. Within a few weeks of engaging with the JLL team, we had not only sublet our old space (in a difficult market) but they also found a long term renter at a rate that was better than we had previously thought. The team was creative, quick, and professional, and they made everything easy for us. They listened to us and negotiated very well on our behalf, and ultimately were a great partner. I look forward to working with the team again in the future.”
