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Reata Commercial Realty, Inc.
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At Reata Commercial Realty, Inc., we manage the entire process
of searching for space for your company's needs. We evaluate
alternatives and negotiate the deal with the landlord or seller.
We help coordinate the attorneys, architects, general
contractors, title companies, inspectors and others required to
make your transaction happen smoothly and with minimal time
and effort on your part. Why Use Reata.
We Take Care of the Real Estate
So You Can Take Care of Business
of searching for space for your company's needs. We evaluate
alternatives and negotiate the deal with the landlord or seller.
We help coordinate the attorneys, architects, general
contractors, title companies, inspectors and others required to
make your transaction happen smoothly and with minimal time
and effort on your part. Why Use Reata.
We Take Care of the Real Estate
So You Can Take Care of Business
These are the typical steps in the process. All may not be
necessary in every case.
Lease Analysis
This is simply a detailed review of your existing lease. The goal
is to be sure that you and the landlord are in compliance with the
lease and to determine if there are any opportunities to exercise
an option that would improve your position or save you money.
Expense Analysis
This is an annual review of the costs of your lease to be sure that
you have been billed accurately. Leases typically allow the
landlord to pass through some or all the expenses of operating
the property to the tenants on a prorated basis. Landlords
budget for these expenses and collect the expected expenses
throughout the year and then reconcile them after the end of the
year. Careful review of these bills is important to avoid paying
too much.
Space Needs Analysis
This is the first step in identifying what your corporate goals are,
what kind of space is appropriate to for your needs, how much
space you will need and how it is should be designed. We
consider the number of current and future employees, location of
your employees and customers, how specific departments
interact and what type of common functions and requirements will
be needed.
Market Survey
When planning to negotiate, it is important to know the general
market conditions before starting. Knowing the market
occupancy, rental rates, and which direction these are moving
will all play a roll in determining our negotiating strategy. And
these will change from one submarket to another.
Property Survey
A survey of available properties that match your requirements.
This will include your existing building if a renewal is possible
and other properties available for sale, lease and/or sublease as
appropriate to your needs that may provide quality space at a
significant discount.
Window Tour
A tour in which we stay in the car as we drive by a large number
of buildings to get a feel for each building’s location, access and
image. The goal is to narrow the list of prospective buildings
quickly so you can then focus on only those buildings which really
fit your needs.
Property Tour
A physical tour inside each building under consideration to get a
more detailed understanding of its physical condition, image,
amenities and suitability for your company. This tour allows for a
further cut to a short list of finalist properties.
RFP – Request for Proposal
A detailed RFP is prepared by Reata and reviewed by you
before it is sent to the short list of buildings under consideration.
Each RFP carefully outlines your requirements in detail and is
sent to the landlords. The landlords then return proposals which
we analyze to further clarify the most suitable location for your
company.
Comparative Financial Analysis
This is simply a comparison of the various proposals received in
spreadsheet form. This will also provide a basis for negotiation
as we see what the various owners will offer.
Document Review
A detailed review and analysis of the lease or purchase contract
along with any other related documentation such as the work
letter, option amendments, and guaranties. This process
includes both Reata as your broker as well as your real estate
attorney. If you don’t have an attorney with extensive commercial
real estate experience, Reata can recommend several good
options. We ensure all deal points are reflected in the jargon-
heavy real estate records and that you are not left buried under a
pile of confusing documentation.
Commission
Zero paid by you! Even though we represent you exclusively and
are solely focused on your best interest, our fees are paid by the
landlord or seller when a transaction is completed. The fee is
built into the lease rate or the sales price so why not have a
professional represent you.
Disposing of Excess Property
Occasionally, a company will find that it has more space than it
needs to meet its needs. This may be a result of reducing staff,
moving operations to another location or changing property types
required. Regardless of the reason, it would save the company
money if that excess property could be sold, subleased or
disposed of in some way. In these cases, we work with you to
determine how that liability can best be reduced.
necessary in every case.
Lease Analysis
This is simply a detailed review of your existing lease. The goal
is to be sure that you and the landlord are in compliance with the
lease and to determine if there are any opportunities to exercise
an option that would improve your position or save you money.
Expense Analysis
This is an annual review of the costs of your lease to be sure that
you have been billed accurately. Leases typically allow the
landlord to pass through some or all the expenses of operating
the property to the tenants on a prorated basis. Landlords
budget for these expenses and collect the expected expenses
throughout the year and then reconcile them after the end of the
year. Careful review of these bills is important to avoid paying
too much.
Space Needs Analysis
This is the first step in identifying what your corporate goals are,
what kind of space is appropriate to for your needs, how much
space you will need and how it is should be designed. We
consider the number of current and future employees, location of
your employees and customers, how specific departments
interact and what type of common functions and requirements will
be needed.
Market Survey
When planning to negotiate, it is important to know the general
market conditions before starting. Knowing the market
occupancy, rental rates, and which direction these are moving
will all play a roll in determining our negotiating strategy. And
these will change from one submarket to another.
Property Survey
A survey of available properties that match your requirements.
This will include your existing building if a renewal is possible
and other properties available for sale, lease and/or sublease as
appropriate to your needs that may provide quality space at a
significant discount.
Window Tour
A tour in which we stay in the car as we drive by a large number
of buildings to get a feel for each building’s location, access and
image. The goal is to narrow the list of prospective buildings
quickly so you can then focus on only those buildings which really
fit your needs.
Property Tour
A physical tour inside each building under consideration to get a
more detailed understanding of its physical condition, image,
amenities and suitability for your company. This tour allows for a
further cut to a short list of finalist properties.
RFP – Request for Proposal
A detailed RFP is prepared by Reata and reviewed by you
before it is sent to the short list of buildings under consideration.
Each RFP carefully outlines your requirements in detail and is
sent to the landlords. The landlords then return proposals which
we analyze to further clarify the most suitable location for your
company.
Comparative Financial Analysis
This is simply a comparison of the various proposals received in
spreadsheet form. This will also provide a basis for negotiation
as we see what the various owners will offer.
Document Review
A detailed review and analysis of the lease or purchase contract
along with any other related documentation such as the work
letter, option amendments, and guaranties. This process
includes both Reata as your broker as well as your real estate
attorney. If you don’t have an attorney with extensive commercial
real estate experience, Reata can recommend several good
options. We ensure all deal points are reflected in the jargon-
heavy real estate records and that you are not left buried under a
pile of confusing documentation.
Commission
Zero paid by you! Even though we represent you exclusively and
are solely focused on your best interest, our fees are paid by the
landlord or seller when a transaction is completed. The fee is
built into the lease rate or the sales price so why not have a
professional represent you.
Disposing of Excess Property
Occasionally, a company will find that it has more space than it
needs to meet its needs. This may be a result of reducing staff,
moving operations to another location or changing property types
required. Regardless of the reason, it would save the company
money if that excess property could be sold, subleased or
disposed of in some way. In these cases, we work with you to
determine how that liability can best be reduced.