Passion. Experience. Diligence.
More than just nice words. These are the three pillars of our approach to everything we do at Franklin Real Estate Development.
Kurt Wallenborn, MRED
With over a decade of experience in commercial real estate development, owner/developer Kurt Wallenborn has successfully managed over $500 million in development projects across the country.
His experience includes:
Centennial American Properties: Coordinated self-storage developments across the Wichita, Kansas, Tallahassee, Florida, Tulsa, Oklahoma, Reno, Nevada, and Boise, Idaho markets.
Dominion Energy: Managed solar farm development, acquisitions, and joint ventures in Virginia, Utah, and California; as well as acquisitions and dispositions of industrial and office buildings in Dominion’s portfolio.
The Kroger Co.: Developed over $80 million of Kroger’s 123,000 square foot “Marketplace” Stores in the Richmond, Virginia, and Hampton Roads, Virginia markets. Managed over $50 million in new fuel center developments, store remodels, and capital spending.
Successfully negotiated over $80 million in new developments in one year and directed the development of the Mid-Atlantic Division’s first ground-up, company-owned shopping center.
Kurt’s educational background expands his experience. He holds a Master of Real Estate Development (MRED) degree from Clemson University and a Bachelor of Science in Real Estate from Virginia Commonwealth University.
by Kurt Wallenborn, MRED
When it comes to leasing an office space, making the right decision is crucial for the success of your business. The office you choose will not only impact your daily operations but also influence your brand image and your team's productivity. With so much at stake, it's important to carefully evaluate your options.
In this post, we'll explore the five things to consider when picking the perfect office.
The first and foremost consideration is the location of the office. Think about the accessibility for your employees, clients, and suppliers. Is it conveniently located near major roads? Are there amenities nearby, such as restaurants, cafes, and shops? Assessing the neighborhood and its suitability for your business is essential as you'll be spending a lot of time there.
2. Size and Layout
The size and layout of the office should align with your business's current needs and allow for future growth. Evaluate the available space in terms of square footage and common areas. Consider the layout's suitability for your workflow and the ability to accommodate your team comfortably. Also, think about the potential for expansion or downsizing if your business needs change over time. An executive office might be a good solution if your business is planning to grow but you're not prepared to purchase a building, as they can accommodate your future expansion.
3. Lease Terms and Costs
Carefully review the lease terms and associated costs before signing any agreement. Consider factors such as lease duration, rent escalation clauses, and renewal options. Assess additional expenses like utilities, maintenance fees, parking, and any shared services.
Understanding the financial implications will help you budget effectively and avoid any surprises down the line.
This is also a good opportunity to work with the owner or landlord, as they will be someone you work with in the future. Are they transparent? Helpful and willing to answer your questions? The experience you have is an indicator of their treatment throughout your relationship.
4. Infrastructure and Amenities
Evaluate the infrastructure and amenities provided within the office space. Is there reliable internet connectivity, wi-fi for your guests, and sufficient electrical outlets? Are there conference rooms, break areas, or a kitchen? What about parking? If you have to pay, that adds to your monthly costs. Also, be sure to assess whether the building has security measures in place and inquire about cleaning services. These are things that will directly impact your day-to-day satisfaction.
5. The Feel of the Environment
Lastly, choosing the right office isn't just about work. People require a space to relax, especially if they’re stressed and looking for somewhere to decompress. Is there a place to take a break or collaborate? Are there comfortable seats for you and your guests outside of your office? The overall feel of the office, which also includes the other tenants and decor, can impact your mental well-being and that of your team.
Leasing an office space is a critical decision that can shape your business's success. By considering these five key factors, you can make the best choice for you and your business.
Ready to find the perfect office space for your business in the Upstate, SC area? We'd love to help. Give Kurt a call today at 540-521-7383.