The space at Hartland Plaza required significant construction to be built out to Zello’s specifications which would take a number of months.Īs a part of the negotiations for the Hartland Plaza space, AQUILA secured a temporary space within Hartland Plaza for Zello to occupy during the construction project. A Temporary Solutionīecause Zello occupied the house, they needed to secure a new office space to move into before they could vacate the space and allow a buyer to move in. This would allow time to secure a subtenant to mitigate the obligation on the second half of the space, as Zello only needed about half of the suite for the first few years of the lease as they expanded.įinally, the landlord also conceded building signage rights to the tenant, which is uncommon for a tenant of Zello’s size. AQUILA leveraged their relationship with the landlord to give Zello the edge and secure the space.Īdditionally, AQUILA negotiated a phased-in expansion, in which Zello only paid for half of the space for the first 12 months. In fact, there was another company vying for the suite that had better credit. However, Zello was not the only tenant interested in the space. The building is located just down the street from the house they currently occupied and the suite featured a private patio overlooking the downtown skyline. The New Office SpaceĪfter exploring the available options on the market, Zello identified a 15,000-sf suite at Hartland Plaza as the right option for the company. The market was extremely tight for their size range in and around downtown, and purchase options, especially at their desired size, were minimal. They needed 7,000 to 8,000 sf immediately, but planned to eventually occupy up to 15,000 sf over the next few years. Additionally, they hoped to find a space with an outdoor component, like a patio or balcony.
The Zello team was open to both purchase and lease options, but knew they wanted to remain in the same neighborhood between Lamar Boulevard and Mopac Expressway. The company was bursting at the seams in their current offices, but liked their location on the west side of downtown.ĪQUILA was engaged to represent them in the acquisition of a new office space, and the subsequent sale of their existing office building. If your home doesn't have a Zestimate, there are two possible reasons: Non-disclosure state - Your home is in a "non-disclosure" state (Idaho, Indiana, Kansas, Louisiana, Mississippi, Montana, New Mexico, Texas, Utah, and Wyoming) where transactions are not publicly reported and therefore, we do not have enough data to create a Zestimate.Zello’s converted house on West Sixth Street. What is the purpose of Zillow?Īccording to the site itself, the name " Zillow" is a combination of the "zillions" of data factors involved in making complex real estate decisions and the idea of a house being a place to lay your head, aka a "pillow". The site knows what the home sold for the last time it was purchased, and it knows this same information for other homes in the surrounding area. Zillow uses a proprietary formula to determine the value of a home based off of information the website has obtained from public records and information entered by users. › Wells Fargo Home Mortgage Payoff Phone Numberįrequently Asked Questions How accurate is a Zillow Zestimate?Īccording to Zillow, “the vast majority of Zestimates are within 10 percent of the selling price of the home.” But Zestimates are only as accurate as the data behind them, so if the number of bedrooms or bathrooms in a home, its square footage or its lot size are inaccurate on Zillow, the Zestimate will be off.› Alamo Rental Car Reservation Cancellation.