After experiencing rapid growth in 2018 and the first two quarters of 2019, Informative Research, a California based technology company serving the mortgage industry, had outgrown its current DFW location.
Informative Research also had plans to relocate several executives from California to Texas, with the intent of permanently relocating their HQ to Dallas-Fort Worth.
In June of 2019, Informative Research engaged Bradford with the goal of locating an office space that offered a modern, creative open layout, and could support anticipated company growth.
The Solution
Researched and compiled data on employee talent pools across Dallas-Fort Worth submarkets and compared data to a typical Informative Research employee profile, resulting in the determination that the Las Colinas/Irving submarket was the most optimal for Informative Research new employee recruiting and long-term employee retention.
After assessing Informative Research’s immediate space needs, as well as anticipated near term and long-term growth, Bradford assembled a comprehensive market survey of office options between 12,000-18,000 rentable square feet in the Las Colinas/Irving office market.
Assembled a detailed property survey of 36 office buildings, eventually narrowing the initial list, and conducting property tours of 12 buildings over a three (3) week period.
Drafted and sent RFP’s out on three (3) of the 12 buildings toured, fielded responses, and compiled a comparison presentation to assist in the final selection process.
The Results
Six (6) months after being retained as their exclusive representative, Bradford helped Informative Research secure an 88-month lease for 15,570 rentable square feet as Las Colinas Commons in Irving, Texas.
Successfully negotiated a generous tenant improvement allowance for new, first-generation office space, along with four (4) months of free rent and a below market effective lease rate.
The terms of the lease agreement included an ongoing right of first refusal on adjacent space, maximizing Informative Research’s flexibility in accommodating future growth.
