“We have worked together on several assignments in Plano, San Antonio, and most recently in North Dallas. Our North Dallas requirement is a ten year, 21,000 square foot UPS Regional Office where Randall added exceptional value to negotiate our lease at Three Forest Plaza. Inasmuch as we attempt to maximize our return on investment, economics are the single most important reason driving our renewals. Our goal was to attempt to renew in place and avoid the high cost involved with the relocation process. Conversely, if our rent objectives were not met, we were fully prepared to move. Randall positioned and negotiated our office requirement with many competitive high-rise alternatives within a mile or two radius of our existing office and leveraged that knowledge with our existing landlord to effect a comprehensive set of terms most favorable to United Parcel Service.

“In the end, we obtained significant first year rent savings, including free rent, retroactive in 2002 with our old lease and below market rate for the remaining nine years. Additionally, we received tenant improvement allowances in the first and sixth years into our lease. We are very satisfied and pleased with Randall’s contribution to United Parcel Service.”