Who Are CORE Development Services?
CORE Development Services (“CORE”) is the largest site acquisition firm in Southern California representing carriers. They often represent Verizon and other carriers on new cell tower builds and with existing upgrades. They are really good at what they do. It is therefore a good idea to seek professional representation from cell tower lease consultants such as Airwave Advisors when speaking with CORE regarding your cell tower lease. Here are three things to look out for:
1. New Cell Tower Leases
Verizon is aggressively building hundreds of new cell towers in Southern California. This is in an effort to keep up with the explosive demand of data driven consumers on their network. With a new cell tower lease opportunity it is important to always counter the offer you have received. We have read countless Letters of Intent where the starting rent, rent escalator, and lease terms were below market. Don’t let the carrier’s representative drive negotiations, empower yourself by engaging knowledgeable advisors such as Airwave Advisors to assist you in negotiations.
2. Upgrade Projects & Renewals
[blockquote cite=”Sam H., President Cal-Sorrento, Ltd.”]Nick was able to more than double the monthly rent we had previously negotiated for a cell tower on our property…plus a significant signing bonus! There are several aspects to these deals that only someone with a detailed understanding of the market can explain. [/blockquote]
Have you have been approached with a rooftop cell site upgrade or by your cell tower tenant is proposing to expand their lease area? If so you have a limited window of opportunity to increase rent! Fully understanding the value of your lease, the proposed project plans, and the equipment they are installing is imperative to maximizing your rent. Don’t leave money on the table. Have the project reviewed by cell tower lease experts such as Airwave Advisors today!
3. Ensure You Have Expert Knowledge On Your Side
CORE are cell tower lease experts on the carriers side. Shouldn’t you have cell tower lease experts on your side?
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*** Airwave Advisors is not affiliated with CORE Development Services. The blog post above is offered strictly as an opinion. If you would like to learn more about CORE Development Services you can visit their website at www.core.us.com ***
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About Nick G. Foster
Since founding Airwave Advisors® in 2014, Mr. Foster has added value to over 400 clients ranging from the State of Nevada, City of Beverly Hills, to Habitat For Humanity. Mr. Foster focuses on cell tower lease renewals, buyouts, new lease negotiation, and cell site lease management. Prior to starting Airwave Advisors® Mr. Foster founded and led the Cell Site Services Group within nationwide commercial real estate services leader Cassidy Turley (now known as Cushman & Wakefield).