RMC Corporate Center welcomes its newest tenant Welsh Construction. Welsh Construction secured the beautiful endcap space in this Minnetonka building. After removal of the acoustical grid and tile ceilings, the tenant was able to take advantage of the heavily glassed space. The newly built office configuration shows that desirable space can come from older building stock, providing the property is as relevant today as it was back in the early 1980’s when constructed. Quality construction never goes out of style!
Tenants at RMC Corporate Center are poised to take advantage of SWLRT with a small station directly across Bren Road East. The new station and many other amenities are within walking distance. With 14’-0” clear heights, good parking ratios, excellent park amenities, including walking trails and green space, the property is a great option for a wide range of space users. In addition, super easy access and exiting due to the change in some one-ways make this property desirable for any business.
Thanks to Brad Bohlman of Colliers for his assistance on this lease.
For more information about Welsh Construction visit their website at: https://www.welshconstruct.com
Don’t miss out on our current space options at RMC Corporate Center:
-2,814 SF office-warehouse; with drive-in door
-4,000 SF office-warehouse; with 2 dock doors
-5,000 SF all office
Written by: Nancy Powell | Vice President
SUBLEASING IN TODAY’S MARKETPLACE
Subleasing in today’s market is commonplace. There are a variety of reasons why firms sublease their excess space. However, for those who intend to sublease, some caution is appropriate.
Make sure to check on the credit and payment history of the firm subleasing the space, particularly if they will pay any part of the gross rent due and payable to the Prime Landlord.
Carefully read and understand the tenant obligations under the Prime Lease. This is often an attached exhibit to the sublease document. The Subtenant’s obligation is to comply with the terms of the Prime Lease.
Make sure to receive the Prime Landlord’s formal approval, in writing. Sometimes this is as simple as a signed consent note on the signature page of the sublease document. On the other hand, the consent form can be several pages. If the Prime Landlord’s consent in the Prime Lease is something other than “reasonable,” make sure to understand what the “other” stipulations are.
If modifications are made to the space, understand the obligations in respect to the lease. Removing modifications may be a requirement upon termination of the sublease.
Make sure the life safety and exiting requirements meet local codes. Often times, a space carved from a larger space does not meet the proper exiting requirements, which may mean extra costs.https://paramountre.com/agent/phil-simonet/