ROCK Commercial Real Estate

ROCK Commercial Real Estate, LLC
Susquehanna Commerce Center West
221 West Philadelphia St. Suite 19
York, PA 17401-2992
717-854-5357 / Fax: 717-854-5367

Providing Solid Business Foundations

News > Newsletter

ROCK Commercial Real Estate Newsletter         Office & Investment Issue - May 2008

Feature Article                                                                                                      Leasing 101 - By Russell J. Bardolf, CCIM, SIOR

When talking with tenants looking for space to lease we are often asked: Who pays for the insurance and real estate taxes?  Who pays for the janitorial service?  What happens if the HVAC doesn’t work?  What if I want to do repairs, can I?  I need some remodeling before I occupy the space who pays for that and when does the rent start?

The answer to all these questions and others like them is very specific – it all depends.

Every word in a lease is negotiable.  Your ROCK advisor will tell you how the landlord is offering the space and under what conditions (Triple Net, Gross, Modified Gross, etc.).  We eliminate the gray areas and make the lease process and lease arrangement as clear as possible. A tenant has the right to make any proposal for a lease, regardless of how we are marketing the space.  Certainly quibbling over every detail doesn’t make a lot of sense but working through the significant expenses and obligations is important to all parties.  Naturally the legal advice of your attorney is important since a lease is a firm and binding arrangement for a specific period of time.

The leasing process, in very simple terms, includes a comparison of various spaces to assure that all the anticipated expenses are accounted for and that size of the spaces is being measured the same way (net, gross, with or without a load factor), the preparation of a proposal is usually in the form of a Letter of Intent, and then negotiating the terms as a lease is prepared. 

Our Clients tell us that one of their main concerns in the relocation process is “time away from their regular responsibilities”.  As a representative for your company, the goal of your ROCK advisor is to assist you in finding a new home for your business and making the lease process flow smoothly. 

We focus on communicating information in such a way that tenants are comfortable with the process and the obligations of a lease, regardless of the tenant’s experience in the market.   As part of the process, experienced ROCK advisors assist tenants to determine space requirements, how to obtain municipal occupancy approvals, connecting with other professionals who may play a role, and other requirements of the lease.

You can trust that ROCK Brokerage Advisors have the knowledge and the resources to assist you in the lease process.  Eight ROCK Advisors hold Certified Commercial Investment Member (CCIM) designations and three have been accepted into the Society of Industrial and Office Realtors (SIOR).  The training and skills provided by these groups enhances the value of our service.  Click here to view a full list of our services.

 

View ROCK office sites for lease:


Spotlight Property                                                                                                     14-20 West King Street - York PA

These buildings are conveniently located in the Central Business District, across the street from the King Street parking garage, and on the same block as City Hall.   

  • Three office buildings, available in combination or an individual units
  • Each unit includes rest room facilities, entrances, offices, conference rooms, and storage
  • All units have separate electric meters, updated interiors, and mechanical systems
  • Available for lease

Contact:  Russell Bardolf or Michael Katz


Recent Transactions

Affinity Mortgage Corporation has leased 842 square foot office space at Shrewsbury Professional Building, LLC at 73 East Forrest Avenue in Shrewsbury. 

Livewire International has leased 3,427 square foot office space at 160 Roosevelt Avenue in York City for three years. 

VA Medical Center Supply has leased 8,400 square foot medical office space at 2251 Eastern Boulevard in York for 10 years. 

Hlubb & Associates has leased 610 square foot of office space at 11 East Market Street in York. 

Lung, Asthma and Sleep Associates, PC has leased 1,769 square foot of medical office space at 1497 South Queen Street in York City for 5 years. 

Tourgee & Associates, Inc. has leased 18,000 square foot of office space at 1010 Plymouth Road in York for 3 years. 

Jackson Hewitt has leased 1,090 square foot of office space at 528 East Main Street in Dallastown for 3 years. 

AWP, Inc. has leased 2,450 square foot of office and industrial space at 472 East Locust Street in Dallastown for 2 years. 

Spanish American Center sold the building located at 200 East Princess Street in York to The Young Women’s Christian Association (YWCA) of York.  The property consists of 11,196 square foot of commercial space on .08 acres and is located in the City of York. 

Conway E&S, Inc. has leased 1,604 square foot of office space at 40 Gotham Place in Red Lion, PA for 2 years. 

Jack Hulme Design Consultants, LLC has leased 3,294 square foot of office and retail space at 233 West Market Street Rear in the City of York for 3 years.  Jack Hulme Design Consultants is moving their studio from Bucks County, Pennsylvania to York County, Pennsylvania. 

 

Read our customer survey testimonials


Quick Links


ROCK Office & Investment Team

David L. Bode, CCIM, SIOR   Russell J. Bardolf, CCIM, SIOR     Michael J. Katz