LEASE CASE STUDY

California Badminton Academy Leveraging The Ivy Group Experience to Lease Industrial Space for Recreational Use Expansion

CHALLENGE

Expand into a larger space to grow its business in the badminton industry. Client has zero experience in converting an industrial space to indoor recreational facility, which requires a Conditional Use Permit.

STRATEGY

Utilized experience, negotiation acumen and available network of resources to search, refine and secure a list of potential properties for client consideration. Advised client throughout the permit process with the City of Fremont.

SOLUTION

Partnered with listing broker, landlord, city planners, architect, environmental engineer and general contractor to transform an industrial warehouse to an ideal facility that exceeds international badminton standards for recreational and competitive usage.

RESULTS

Approval of a Conditional Use Permit that resulted in execution of long-term lease to take advantage of reduced market rental rates with options for future expansion. The selected facility is in a location that offers convenient access and strong growth for success.

Download Lease Case Study