KidPower Therapy Associates, P.C. Renews 7,400+/- SF Lease
Albuquerque-based, KidPower Therapy Associates, P.C. (www.kidpowertherapyassociates.com), is the Premiere Sensory Integration Clinic in New Mexico. Owner and Executive Director, Carla Cay Williams, has operated the business in Albuquerque Trade Center since 1999.
KidPower's space is comprised primarily of office space which houses its therapy rooms and warehouse/flex space utilized for more recreational/physical activities. We began discussions with Mrs. Williams in late 2013 suggesting a "blend and extend" strategy whereby we would start negotiations with their landlord well in advance of their lease expiration date, proposing a 4 year lease extension in exchange for a more economical, market-driven lease rate.
Due to the fact that KidPower was the largest tenant in the 60,000+/- square foot complex and because they had such strong tenancy, the landlord agreed to considerably lower their rent and provide a modest tenant improvement allowance.
We were very fortunate to work with the KidPower team and were extremely happy to provide guidance with structuring their lease to help reduce their overhead and upgrade the space so they can better serve the children and families that depend on their assistance programs.
Tim and John did an amazing job representing us and re-negotiating our lease. They were very attentive and made the process seem effortless on our end. Their hard work saved us 21%! We highly recommend their team and will definitely use them again.
Keely Carpenter, Financial Operations Administrator, KidPower Therapy