Exclusive Use Rights for Office Real Estate?

Example of office, retail and residential mixed-use project.
Example of office, retail and residential mixed-use project.

By Blake Crowe, CCIM

For those in commercial real estate, specifically retail real estate, you’re familiar with Exclusive Use Rights – a tenant can (and generally should) require a landlord to prohibit leasing space to another tenant selling the same product, or allow any other specified activities that could interfere with the success of their business. Typically this Exclusive Use component of the lease is based on the property itself.

While this is nothing new to the retail segment, oddly enough, this idea of Exclusive Use is now also spreading into office real estate.

Why? Because the popularity of creative office spaces and mixed-use properties continues to increase.

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Now Open: Gander Mountain in Two New Locations

gandermtn (3)Gander Mountain has now opened its doors at a new location in both Mobile and Montgomery.

Thanks to the help of Southpace Principal Bryan Holt, CCIM and broker Tyler Bradford, CCIM, residents of both Mobile and Montgomery will get to experience this much-loved outdoor retailer for themselves! Gander Mountain is well-known for having a huge selection of gear and accessories for hunting, fishing, camping, and boating, along with casual and outdoor apparel for both men and women.

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Client Spotlight: MAKEbhm – If You Don’t Start, You’ll Never Know

MAKEbhmLately MAKEbhm has been causing a lot of buzz all around the Birmingham area, and we can’t help but be proud to have helped them find their place in Avondale. It’s the perfect location for such a business; right in the middle of all the creative, inspiring happenings going on in Birmingham.

With all the talk about MAKEbhm, we wanted to go straight to the source and get our information first-hand from its founder and Executive Director, Bruce Lanier. What he had to tell us was more than inspiring.

Here’s his story.

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