Case Study: Interline Brands

The Client

Interline Brands was an acquisition of The Home Depot completed in 2015. Prior to the acquisition, Interline was a north American logistics company focused primarily on home improvement products. The company operated 65 locations throughout North America headquartered in Jacksonville, FL.

The Challenge

We were tasked with extending Interline’s lease for 5 years as well as negotiating improvements for the office space.

Interline wanted to stay in their current facility, but needed some updates on 93,937 SF. We needed to negotiate a landlord contribution toward tenant improvements while keeping the lease renewal fair for both parties.

The Solution

By leveraging other availabilities in the market, we were able to reduce the rent by 20% while gaining tenant improvement contribution from the Landlord of $150,000. The 5 year lease renewal left the tenant with an option to terminate the lease after 1 year with a 6 month rent penalty for landlord to recoup contribution.