Wiley

Wiley was a rapidly growing book publisher including the “For Dummies” line. The company had outgrown their 36,000 square-foot space and was in the process of filing an IPO, a partial spin-off from its parent company, International Data Corp. Wiley had substantial needs for significant firm expansion capabilities, large floor plates, ample parking, a high image and identity, cost effectiveness and lease flexibility.

Note: We have several professionals with substantial client transactional experience prior to joining Bradley Company, which is included in the following case study.

Location

Indianapolis, Indiana

Property

Wiley

Services

Build-to-Suit

SOLUTION

Bradley Company, tenant advisor, Sam Smith, evaluated over 20 sites for a potential build-to-suit.

RESULTS

Sam successfully negotiated an 87,333 SF lease and 36,159 SF expansion at terms $2.00-$3.00/SF below market. The deal also included a six year tax abatement; options to expand at below market rates throughout the 10-year term into the entire building; options to renew at below market terms; large floor plates (36,000 SF); 6/1,000 SF parking; and building signage visible to I-69. Additionally, the turnkey buildout package incorporated substantial upgrades including a computer room, voice and data wiring, and conference and A/V upgrades. Sam has since assisted Wiley & Sons, Inc. on several subleases and an early renewal/ expansion with favorable terms.