prelease

prelease

To secure tenants for a property before it is completed and ready for occupancy.

References in periodicals archive ?
Many of the items contained within Schedules of dilapidations may have been pre-existing at the start of the lease but without a Schedule of Condition and no prelease advisory the tenants were responsible.
One prelease tenant, law firm Bilzin Sumberg Baena Price & Axelrod, canceled its $58 million deal for 115,000 square feet in the building in February.
entertained by wizards and tested on their Harry Potter expertise in quizzes and competitions before the special prelease showing of the film.
The software even provides a reminder prompt when a prelease becomes current; and
In the past several years, however, we have seen an increase in requests for prelease background and asset searches for property owners and managers.
never moved forward with that proposal because attempts to prelease office space prior to launching construction fell short.
Scheduled for completion in first quarter 2015, the medical office building is currently 35 percent preleased to Memorial Hermann for outpatient programs, with 65,000 square feet of space remaining for prelease to physician groups.
We haven't signed any deals for prelease, but we're confident we're going to be fine,'' he said.
Four out of the ten largest deals done countywide thus far this year took place in Norwalk, including the two largest--Diageo North America's 277,700 square foot prelease of a building under construction at 801 Main Avenue and FactSet Research Systems' 129,100 square foot relocation to 601 Merritt 7.
A new state-of-the-art Class-A office building is set to rise at 30-30 Northern Boulevard in Long Island City as soon as a single tenant or multiple users prelease all or a substantial part of the planned 655,000-SF 15-story property, to be located just north of Queens Plaza between 40th Avenue and 40th Road.
With the CIBC prelease in Midtown in April and the Credit Suisse First Boston lease in Midtown South in March, tenants clearly see the strength and vitality of Manhattan's office market," said Joseph R.
In addition, lenders are increasingly wary, insisting that developers prelease before starting construction and rejecting speculative proposals.