How our client secured a 15-year tenant

We advised our investor client on the purchase of a vacant retail building in Montgomery County, PA.  The property was a great location, but of course, we needed to identify a reliable tenant.  With KPG Commercial Group’s expertise, the client successfully leased the space to a creditworthy daycare tenant, BrightPath.  The new 15-year lease ensured a long-term, financially stable tenant, making the overall transaction a great success!

Challenge: finding the right tenant fit

The building required substantial improvements, and the client wanted to transform the asset into a long-term stable asset.  Pulling from its significant experience with retail tenants active in the market, KPG identified an open category in the location with a strong demand for new daycare services.  Having completed many transactions in the space, KPG solicited interest from several daycares...  landing on the one that offered very strong credit from a group with 1,000+ locations nationwide.

Solution: forging a successful lease with Bright Path

The KPG team utilized its extensive network to help negotiate strong market terms with Bright Path. KPG also helped work towards a lease structure that worked for both parties, effectively managing the necessary construction improvements.

Results: a stable, long-term lease agreement

Thanks to KPG Commercial Group’s efforts, Bright Path will operate a best-in-class facility under a long-term lease, and the client will enjoy a steady and predictable cash flow.

• Secured a 15-year lease with a creditworthy tenant

• Navigated complex construction and improvement requirements

• Achieved financial stability for the investor

• Sourced a construction and permanent loan to facilitate the acquisition and improvements 

• Enhanced the property’s value and appeal

KPG Commercial Management provides a full-service approach to commercial real estate. Whether it's leasing, property acquisitions and sales, development, financial services, or property management–we bring our extensive expertise to every facet of your needs.

Contact us today to unlock new opportunities and drive your success!

📞 (215) 855-5100

🌐 kpgcm.com

📍1120 Welsh Road, Suite 170, North Wales, PA 19454