000			01185cab a2200181 4500
001			##L132695
008			060228n2005 000 0 eng u
035			_a(Sirsi) u132695
041	0		_aeng
100	1		_aPlimpton, Samuel
245	0	0	_aCase study _bearly exit from an above market lease
260			_c2005
490		0	_aJournal of Corporate Real Estate _v7(4) 2005, 300-305(6)
520			_aExamines the unwinding of a lease obligation where the in-place rental rate exceeds that of the current market. Special reference is made to a case study of a 2003 transaction near San Jose, California to elaborate. It was discovered over a three year period of vacancy increases and rental declines, that the lease was a liability to a company with no projected need for the premises. Although the landlord had little incentive to settle the lease in these market conditions, they were keen to avoid further credit abrasion and therefore tested the market in a sales process. The design method involved examining some of the critical variables in mitigating lease obligations.
590			_aIKA280206
690			_aPROPERTY-COMMERCIAL PROPERTY-LEASED COMMERCIAL PROPERTY
942			_n0
999			_c76563 _d76563