212 3rd St | Minneapolis, MN
5,285 SF | Office
Punch Through Design called on CRE Partners to assist them with finding new office space. The main goal was to accommodate growth, but limit lease term risk.
The Punch Through office space project had numerous challenges. First, they wanted to be located in one of the most competitive office markets in Minneapolis, the North Loop or NE. Second, the company was growing at a rapid pace, but taking on the extra burden of additional rent for space they may not be needed for a couple of years was worrisome. In addition, if the space was too small, would they be stuck in a long-term lease?
CRE Partners worked with the owners on a plan to focus on office space that would allow for growth, but also be flexible with lease terms and relocations. After viewing many spaces, we moved forward with a sublease option in the North Loop. Ultimately, CRE Partners helped negotiate favorable terms for the sublease that met their budget and limited lease term. In addition, furniture was included!