IV Gateway Property Management

IV Gateway, a four story office building with 137,070 SF of rentable space, is one of many real estate investments Brookwood Financial Partners, L.P. owned across the nation. FM Solutions was hired by Brookwood to provide a set of comprehensive services accompanying Property Management. These included Construction Management, Architecture, Interior Design & Facility Consulting. Through collaboration between owner, broker, contractor, consultants, and all of FMS Business units; we provided a broad scope of services to create a streamlined approach.

FM Solutions’ service was unparalleled. With an on-site Property Management team, we were able to deliver supreme service to tenants while keeping a keen eye on the facility. We documented $210,000 in verifiable savings after just one year of management, all at a reduced cost from their previous management firm.

By creating tools to identify budgetary costing information quickly and accurately we enabled both our broker and the owner to complete financial feasibility studies for potential tenants immediately, instead of waiting for days or even weeks, streamlining the tenant negotiation process.

As the architect of record since 2007, FM Solutions still provided as-builting, BOMA calculations, standardized building finishes, standardized TI finishes services and TI services. We developed a design master plan renovating and upgrading the exterior/interior elements as well as building infrastructure as seen above. The purpose of this was to ensure that purchasing decisions were consistent to a certain ambiance and avoid contradictory decision-making.

Challenges in Project

This building faced a great financial challenge as the owner tried repeatedly to get tenants to fill the space. The market rate for a Class A building was too low for the bank to approve new tenant contracts. In an attempt to salvage their investment the owner approached their bank with a modification option. Instead they were forced out of the non-recourse loan. We were given just two days to move out and transfer documentation. Due to our organized filing records this transition was seamless, however it was a substantial disappointment after all the hard work and dedication poured into it.