Velocity Technology Solutions Office HQ

CHALLENGE. When Velocity Technology Solutions acquired Titan GS in Charlotte, NC, the legacy Titan GS office space had approximately two years remaining on the lease and was located in a suburban office market with a challenging space configuration and a lackluster aesthetic feel. In addition, Velocity Technology Solutions made the decision to relocate its headquarters from New York to Charlotte shortly thereafter, with the target of finding a new space that would offer a more open and collaborative layout with upgraded finish levels.

IMPACT. Challenged by finding a creative solution to overcome the limitation of having two years of remaining lease obligation, our brokerage team quickly identified several possible sublease solutions in the market that could offer a flexible solution and meet the parameters of the search.

The end result was a negotiated long term sublease transaction of +/- 22,022 RSF in the SouthPark sub-market. The space was previously occupied and constructed by Turner Construction and designed by world-renowned architecture firm Gensler. Our team negotiated a highly creative and flexible rent structure that allowed Velocity to absorb a large portion of the current rental obligation. In addition, the furniture, fixtures and equipment were negotiated into the transaction as an additional concession, which allowed for a true plug and play opportunity for Velocity and aligned with their business strategy.