SunTrust SunTrust Tenant Improvements Tenant Improvements June 30, 2015
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SunTrust SunTrust Tenant ImprovementsTenant Improvements
June 30, 2015
• Background
• Current Situation
• Proposed Work
• Cost of Proposed Work
• Questions
Presentation OutlinePresentation Outline
• Background
• Current Situation
• Proposed Work
• Cost of Proposed Work
• Questions
Presentation OutlinePresentation Outline
Background
• February 19, 2014 BCC approved a 5 year lease at SunTrust for Property Appraiser and Tax Collector• Contained Tenant Improvement
Allowance of $15/SF• Used for new paint and carpet and
minor office modifications• Totals $739,605 ($15/SF X 49,307 SF)• Unused portion can be applied to rent
• Background
• Current Situation
• Proposed Work
• Cost of Proposed Work
• Questions
Presentation OutlinePresentation Outline
Current Situation
• No work has been started
• Cost estimates have been done
• $138,306 for Paint and Carpet (10 yrs. old)
• $453,896 for tenant modifications
• $592,202 Total
• $147,403 left to apply to rent reduction
• Background
• Current Situation
• Proposed Work
• Cost of Proposed Work
• Questions
Presentation OutlinePresentation Outline
Proposed WorkTax Collector Space
• 15th Floor• Create new reception space
• Half height wall
• Infill existing window in adjacent office
• Convert existing storage room to new office
• New paint and carpet throughout
• Provide engineering services for existing Server Room Fire Suppression System
Proposed WorkTax Collector Space
• 16th Floor• Demo existing walls where noted on drawings to build 4 new offices
• Create 12’ x 17’ Conference Room and new 39’ x 22’ Break Room in existing Finance Department space and relocate Finance to an adjacent area
• Expand existing Tax Collector office with removal of partition wall of the
adjacent office
• New paint and carpet throughout
Proposed WorkTax Collector Space
Cost Breakdown for Tax Collector
Renovations $201,778
Paint & Carpet $ 54,675
Total $256,454
Proposed WorkProperty Appraiser Space
• 15th Floor• Expand existing Training Room by repositioning the existing modular wall
• New paint and carpet throughout
• 16th Floor• Install new 1 hour rated wall enclosure and doors along hallway for separation from public stairwell
• New paint and carpet throughout
Proposed WorkProperty Appraiser Space
• 17th Floor
• Convert 2 existing 15’ x 11’ modular offices to offices with ceiling high walls
• Create new 20’ x 10’ Conference Room
• Convert existing 16’ x 9’ Work Room to new HR Office and utilize adjacent 12’ x 9’ Conference Room to recreate the Work Room
Proposed WorkProperty Appraiser Space
• 17th Floor (Continued)
• Extend walls to deck and add sound attenuation in wall in the Property Appraiser’s office
• Install new 1 hour rated wall enclosure and doors along hallway for separation from public stairwell
• New paint and carpet throughout
Proposed WorkProperty Appraiser Space
Cost Breakdown for Property Appraiser
Renovations $252,117
Paint & Carpet $ 83,631
Total $335,748
• Background
• Current Situation
• Proposed Work
• Cost of Proposed Work
• Questions
Presentation OutlinePresentation Outline
Cost for Proposed Work
Property Appraiser
Renovations $252,117
Paint & Carpet $ 83,631
Total $335,748
Tax Collector
Renovations $201,778
Paint & Carpet $ 54,675
Total $256,454
Cost of Proposed Work
Renovations $453,896
Paint & Carpet $138,306
Total $592,202
$147,403 for rent reduction
Questions?
SunTrust SunTrust Tenant ImprovementsTenant Improvements
SunTrust SunTrust Tenant ImprovementsTenant Improvements
June 30, 2015
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