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TenantBase Announces Launch of Chicago, Houston, Austin and Fort Worth Offices

Tech-enabled commercial brokerage firm continues its national expansion by announcing four new market launches accompanied by several key veteran brokerage hires.

TenantBase, a tech-enabled commercial real estate brokerage, announced on Tuesday its latest multi-market expansion with the launch Chicago, Houston, Austin and Fort Worth offices. Headquartered in Santa Monica, CA, TenantBase’s technology-based brokerage now operates in nine major US cities with continued growth and technology initiatives planned for 2019.

The company has scaled rapidly following a mid-2018 fundraise focused on growing its technology and brokerage teams. TenantBase anticipates having over 100 local TenantBase brokers by the end of the first quarter in 2019, compared to 28 in 2018. The increase in brokers coupled with productivity gains from TenantBase’s technology improvements will position the company to continue its strong revenue growth.

Along with the recent expansion, TenantBase announced veteran brokerage hires to head up real estate activities and growth of the TenantBase business model. In Chicago, tenant rep veterans Bob Palffy and Andrew Kelly, formerly with Cresa and Transwestern respectively, will lead TenantBase’s Midwest brokerage operations and continued expansion throughout the region.

“With over 30 years of tenant representation experience and having been a part of a number of different platforms, the opportunity to lead TenantBase's expansion into Chicago and the Midwest was extremely appealing,” said market leader Bob Palffy. “TenantBase's cutting edge technology combined with a knowledgeable advisor talent pool creates a unique experience for its clients. Additionally, teaming with Andrew Kelly, another proven industry veteran I have worked with previously, on our Midwest charge is exciting.”

TenantBase launched offices in Houston, Austin and Fort Worth with similar veteran leadership. Market leaders across the Texas markets include industry veterans Lance McCarthy in Houston, formerly with Studley and head of Mohr partners, Jon Olofson in Austin, formerly Head Global Real Estate Portfolio Manager for Entegris, and Albert Berry in Fort Worth, formerly with Keller Williams Commercial.

“We are absolutely thrilled to add highly respected and accomplished brokers both in leadership and production capacities. We believe this is the start of a golden age in commercial real estate brokerage where AI and machine learning applications will empower brokers to be incredibly efficient in servicing a growing volume of modern tenants. Great brokerage service coupled with best-in-class technology creates the ultimate tenant experience,” said Bennett Washabaugh, TenantBase CEO. “We look forward to continuing our national expansion in 2019.”

TenantBase Announces $10.7M Funding Round

New Investment to Accelerate Technology and Brokerage Hires, Nationwide Expansion

SANTA MONICA, Calif., June 13, 2018 /PRNewswire/ -- Technology-enabled commercial real estate brokerage firm, TenantBase, Inc., today announced that it has raised an oversubscribed $10.7 million funding round to simplify the process of finding and leasing office space for small to mid-size businesses. The round is led by Stonecutter TenantBase Investors LLC, an affiliate of New York-based Stonecutter Capital, and includes follow-on investments from existing investors. TenantBase is headquartered in Santa Monica, CA, with additional brokerage offices in Atlanta, Dallas, Nashville, and Newport Beach, CA.

TenantBase was founded in 2014 to provide the best tech-enabled brokerage experience for a traditionally underserved market in commercial real estate -- small to midsize business owners looking for commercial space. TenantBase built its platform to combine proprietary client-facing technology, internal broker tools, and hands-on local brokerage services. The funding will enable TenantBase to hire more engineering talent and continue building their team of market leading brokers.

"TenantBase has been thoughtful in their approach to improving the commercial leasing process. In a world where Compass and Redfin have revolutionized the home buying experience, TenantBase has created a powerful tool for its clients to explore and downselect interesting commercial spaces and then work the last mile with experienced brokers to conduct office tours and ink the deal," says Peggy Styer, an individual investor from Razor's Edge Ventures. "This round will accelerate the company's expansion into new markets."

"There are huge inefficiencies and frustrations for both tenants and landlords related to leasing small spaces. Landlords want to work with credible tenants that understand the process and our TenantBase brokers guide clients of all experience levels through the process to get more deals done. We are excited to expand our service offering to new markets in 2018 and beyond," stated Bennett Washabaugh, CEO and co-founder.

Dallas small businesses can find their next office space easily with this new free service

If you're a small business owner or part of a startup, this scenario might sound familiar: you've outgrown your living room or existing space, you’re tired of waiting for conference calls to connect with your remote workers, and you need to find a new place — an actual office — for your burgeoning company to call home. That’s where TenantBase comes in.

Startups See Room for Improvement in Office Sector

Two Orange County tech startups are helping lead the way in bringing the small-business segment of the commercial real estate industry into the modern age.

TenantBase Announces New Hire in Orange County

TenantBase, the online platform built for tenants to find and lease commercial space, has announced a new hire, to round out a year of significant growth in the Orange County CA market.

TenantBase - Matches Your Business Needs With The Ideal Office Space

TenantBase is your go-to digital platform for finding the perfect place that is the best fit for your business. The company is offering a free, tenant focused solution which gives its users a complete overview of the entire market. Below is our recent interview with Kailey Faber, Director at TenantBase:

Small Space CRE Platform TenantBase Expands into Dallas

Technology enabled tenant representation brokerage TenantBase is expanding into the Dallas market. The three-year-old company serves startups and small businesses in their search for commercial space. Their tenant facing online experience allows tenants to search the market for the best buildings that align with their unique needs. In addition to the website tools, TenantBase provides in house local real estate advisors to help businesses navigate everything involved in the office search process; from searching for the right space, preparing a strategy around submitting proposals, and negotiating the lease.

TenantBase Continues Growth in Orange County

Between April-May 2016, TenantBase graduated from local incubator EvoNexus, moved into a corporate office, welcomed new team members, and launched a tool for leasing agents and landlords. The company is now actively hiring for new marketing and CRE related roles in Newport Beach, CA.

Real Estate Startup Exits Incubator to Meet Demand

A startup that helps local companies find and lease office space recently graduated from incubator EvoNexus in Irvine and moved into its own office in Newport Beach.

Real Estate Startup Exits Incubator to Meet Local Demand

TenantBase, a startup that helps local companies find and lease office space recently graduated from incubator EvoNexus in Irvine, CA and moved into its own office in Newport Beach. The OCBJ reports on the companies success since its soft launch Orange County in January 2016.

Start-ups Have an 'Apartment-Search' Mindset

Startup companies want space quickly and are looking for move-in-ready, plug-and-play office options. TenantBase's CEO Bennett Washabaugh tells GlobeSt.com in this exclusive Q+A.

Office Lease Startup Expands in SoCal

An office-leasing startup at incubator EvoNexus in Irvine is expanding its operations across Southern California.

TenantBase Announces Orange County Expansion

The technology enabled office space brokerage built for small businesses has added a new hire to lead the company’s expansion in Orange County, CA. Max Morris, an 18 year veteran of the Orange County office market, will be heading all real estate activities as the company expands their operations into Southern California. Morris was formerly with SunCoast Properties in Orange County.

TenantBase Announces New Hires to Nashville Team

TenantBase, the technology enabled office space brokerage firm built for tenants, has announced recent additions to the company's real estate team in Nashville, TN. Tad Wood was appointed as Principal of the Nashville market, overseeing all real estate activities, and Brents Herron was brought on as an Adivsor to work directly with local businesses.

Commercial Real Estate Tech Startup, TenantBase, Expands to Southern California

TenantBase, LLC, a technology based office space brokerage operating in Nashville, TN, has been accepted into Southern California's premier technology incubator, EvoNexus. Following a successful 2014 beta test in Nashville, TN, TenantBase will be expanding their presence to Southern California in order to service a growing demand for their office space search and service.

TenantBase is Now Available in Nashville

TenantBase, LLC announces the release of TenantBase Beta, an updated version of TenantBase's office space search and process management software and service for tenants in Nashville, TN.

Press Resources

We're happy to answer your questions about TenantBase. Drop us a line at press@tenantbase.com or (949) 432-3112.


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