‘Blend and extend’ leases to cut expenses, brokers say

Posted by mortgagebroker in Commercial Real Esta... | 01.30.2009 - 6:00 pm

TAMPA – With a continued softening of the real estate market and economy, executives are interested more than ever in cutting costs and improving their company’s efficiency. There is one method that is becoming more popular that allows them to do both.

Mia Jarrell and Matthew Heikkinen, brokers in the Office Group at Grubb & Ellis|Commercial Florida in Tampa, said the “blend and extend” trend is winning converts among savvy tenants – and their landlords as well.

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