Surface Facts:

• Client considers both options as "equal"
• Financial terms appear better at Building 1
• Client ready to choose Building 1 for Regional office (10 year lease)
• Q: Is Building 1 the correct choice?

In Depth Facts:

• Density requires upgrading the following in Building 1: electrical, floor bracing, HVAC, life safety
• Upgrade costs $1.5 million, adding an additional $.12 psf/mth to the lease cost
• Building 2 adequate "as is"

Recommendation:

• Building 2

Savings to Tenant:

• $1,080,000+