Fit Story
Powering A-Rent’s Expansion in a Challenging Market
CLIENT PROFILE
- Rapidly expanding, private equity-backed electrical test equipment rental services company
- Founded in 2019 by an entrepreneur with a demonstrated history of industry success
- One-of-a-kind, niche market leader experiencing significant growth
REAL ESTATE FIT GOALS
- Secure a high-image space with increased capacity near existing Burr Ridge, IL facility
- Ensure proximity to key airports and employee retention during expansion
The Challenge
A-Rent faced the urgent need to find a suitable expansion space nearby their current facility to keep pace with their rapid growth. The I-55 corridor’s limited availability posed significant challenges in securing a high-image industrial warehouse with proximity to Midway and O’Hare airports, critical for A-Rent’s operations. Employee and client retention were key priorities that hinged on the right real estate decisions.
The Solution
Engaging over a year before lease expiration, Bespoke took a proactive, collaborative approach to identify the perfect fit. They extensively reviewed 10+ properties and toured 6 with A-Rent over 14 months, carefully evaluating each option. Leveraging market expertise, Bespoke provided invaluable guidance to inform strategic decisions.
The Outcome
In Illinois, A-Rent expanded into a 23,857 SF facility, a 173% increase, just 6 minutes from their previous location. Bespoke negotiated highly favorable terms including a market rental rate with below-market escalations, substantial tenant improvement allowances, and a notably reduced security deposit from 12 to 4 months, preserving significant working capital for growth.
“Rob and Bill worked with us for over a year to find the perfect larger facility in Burr Ridge, IL for our growing business. A great outcome from working with true professionals!”
– Paul Seppanen, CEO