Brokerage
Renewal · Flatiron
A sublease turned into a longer direct lease, at the same discounted economics.
Obligo’s sublease was ending in a space the team liked. Nomad turned it into a longer direct lease at the same discounted economics.
Project snapshot
The challenge
Stay put, on better terms.
Obligo’s short-term sublease was ending. The team liked the space and did not want the cost or disruption of a move.
What they needed
- 01Stay in the same suite
- 02Keep the discounted economics
- 03Longer term for planning
- 04No disruption
How Nomad solved it
What each part of Nomad did.
- BrokerageFind it
- Ownership accessDirect to ownership
Brokerage
Sublease to direct lease.
We structured a direct deal with ownership that kept the discounted sublease economics and extended the term, in the same suite.
Ownership access
A building we manage.
Obligo’s suite is in one of the buildings Nomad manages.
The decision
Why this one.
The same 6,000 SF suite in Flatiron.
The result
Obligo stayed put with a longer runway and the same value, without moving a single chair.
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