Perritt Capital Management, Inc.
Strong, consistent performance leads to continued internal growth as Perritt’s micro cap mutual funds outperform market.
As Perritt Capital Management’s performance attracted additional clients and investment funds, their need for larger, more efficient office space presented a challenge to ongoing operations.
JBCC had advised Perritt previously through a lease audit it conducted. JBCC was consulted and subsequently selected to perform a space and market analysis. Options for expansion and renewal in their current office building were examined as well as identifying opportunities in the market for relocation of Perritt’s headquarters. After JBCC conducted a targeted search examining market options it was determined the best value could be obtained by renegotiating Perritt’s existing lease to take advantage of market opportunities. JBCC also provided construction management services to Perritt representing them during the landlord’s development of their new expanded headquarters. JBCC maximized the actual value of the tenant improvement allowance provided in the lease agreement ensuring Perritt realized the full value of the construction allowance while eliminating questionable or marginal construction costs. JBCC’s expertise in office building interior construction provided timely resolution of build–out issues.
Working with the building’s architect, JBCC advised on an efficient, productive workspace and on new office furnishings. JBCC continues to service Perritt (and other clients) well beyond the actual lease signing when traditional leasing representatives exit the picture. In doing so, JBCC provides its expertise in building operations, management, leasing, construction, layout, and market information intelligence and analysis. In Perritt’s case, this has resulted in advising and facilitating a new lease arrangement for larger premises to accommodate continued internal growth while renegotiating the original lease to maximize value and minimize occupancy costs.