Recent News
Aug. 11, 2021 via Cision PRWeb
PropTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout real estate technology companies, products and services around the globe, today announced TenantBase, an online commercial real estate platform, has been selected as winner of the “Overall Commercial Marketplace of the Year” award in the inaugural PropTech Breakthrough Awards program.
The TenantBase platform is a tech-enabled commercial real estate marketplace that brings an on-demand service and delivery model to the commercial leasing process. This digital platform solution is purpose-built to provide tenants with a radically improved leasing experience, while helping property owners and commercial brokers connect to close more transactions.
The TenantBase experience gives tenants more control and visibility into the leasing process and creates a fast-moving environment for all participants. The data gained from thousands of occupiers and transactions reveal a dramatic reduction in the “search-to-signing” process for landlords and commercial brokers alike. Additionally, transactions on the TenantBase platform average less than 60 days.
By using TenantBase, tenants can review available spaces that meet their unique needs, as well as work with their brokers to reach out to landlords to schedule tours and begin negotiations. TenantBase now also provides the leasing community with a solution that allows them to upload available space at no cost and review tenants currently searching for space including their requirements. The platform incorporates precision-based tools designed to analyze immediate demand, while simultaneously targeting qualified tenants.
“As the commercial real estate leasing industry becomes more digitally and demand-driven, TenantBase is at the helm, driving this change with our firm belief that the market can thrive - but only if tenants, brokers and landlords have access to the right tools and solutions,” said Bennett Washabaugh, CEO of TenantBase. “TenantBase was developed to function as an online transaction solution, tailored to meet the needs of the commercial real estate community willing to embrace a new era of digital leasing. This award from PropTech Breakthrough signals we are not only achieving our mission but that we will continue our work in order to drive real change in the industry.”
The mission of the annual PropTech Breakthrough Awards program is to conduct the industry’s most comprehensive analysis and evaluation of the top technology companies, solutions and products in the real estate technology industry today. This year’s program attracted more than 1,350 nominations from over 12 different countries throughout the world.
To date, the company has completed $500 million in commercial lease transactions, and tenants save an average of 22% on quoted asking rates. TenantBase is currently in 35 markets across the U.S., having launched 20 in 2021 alone.
“Consumers searching for new homes can browse multiple marketplaces to explore options. Unfortunately, there hasn’t been a comprehensive equivalent for commercial tenants. Traditionally, landlords have promoted their property listings online, hoping an interested tenant would notice and inquire. Or tenants drove around town calling agents listed on the signs about a specific building. This is a very reactive business model,” said Bryan Vaughn, Managing Director of PropTech Breakthrough Awards. “TenantBase addresses the technology and client-focused solution gap in the market by providing a modern experience expected in today’s digitally enabled landscape. Their foresight and innovation has earned them our ‘Overall Commercial Marketplace of the Year’ award. Many congratulations.”
May 6, 2021 via Business Insider
(SANTA MONICA, CA) May 6, 2021 — TenantBase, an online commercial real estate platform, today announced Jim Underhill has joined the company in the newly-created operating role of Executive Chairman. This appointment follows TenantBase’s rapid growth year to date as the company has expanded to 35 markets, 20 of which have been launched in 2021. Underhill will collaborate with company leadership to accelerate strategic and scalable growth of the platform nationally and internationally.
Also see coverage from Business Insider and Connect Media
Prior to joining TenantBase, Underhill spent five years as the CEO of Cresa, the world’s largest commercial real estate firm focused solely on advising tenants, where he led its growth into additional markets worldwide. His previous commercial real estate roles include Americas CEO at Cushman & Wakefield and a regional founder of The Staubach Company, one of the original leaders in tenant rep service innovation.
“How companies use technology to acquire commercial space is ripe for transformation and TenantBase has clearly emerged as the leader, with a proven track record of closing transactions in markets all across the U.S.,” said Underhill. “I’m excited to be joining TenantBase’s strong leadership team. Together, we share a big ambition for creating a company that’s not only a transformative industry leader, but also highly respected for its commitment to innovation, talent and entrepreneurial culture.”
In TenantBase’s short operating history, more than 170,000 tenants have accessed the platform’s on-demand service delivery model, designed to revolutionize the search and lease negotiation process for companies seeking commercial space.
“TenantBase addresses the technology and client-focused solution gap in the market with a tenant-first, tech-enabled offering that provides the user experience expected by tenants today,” Underhill said. “Tenants paying rent are at the very top of the value chain in CRE - they drive the value of buildings, the land, the mortgages, and the leasing transaction marketplace. It’s appropriate that there is a marketplace built for them - and that’s what TenantBase has done.”
“Jim is an accomplished leader in the tenant rep industry and is highly respected for his ability to see the next great opportunity that will push commercial real estate transactions into the digital age,” said Bennett Washabaugh, CEO of TenantBase. “His experience and proven leadership style will help us in this period of rapid scale for our business as tenants are demanding a tech-enabled solution for the commercial real estate leasing process. Together we look forward to partnering with the industry to revolutionize how transactions are initiated and executed online.”
Feb. 25, 2021 via Commercial Edge
Continually seeking out strategic partnerships that offer clients unique opportunities, CommercialEdge and TenantBase have partnered to better connect available commercial spaces to the tenants who need them.
Already providing clients with access to some of the most comprehensive property data in the business, a CommercialEdge subscription offers information on the owners, tenants, lease terms, debt data and even the transaction history of commercial spaces nationwide. Users can manage their own listings and syndicate them to third-party platforms via the CommercialEdge Listing Network, which attracts more than 15 million visits per month.
Revealing Underserved Markets to CommercialEdge Users
Meanwhile, TenantBase is a tech-driven company created to disrupt the way the lease negotiation process works within the commercial real estate industry, focusing on companies and businesses whose needs have been historically underserved.
Moreover, TenantBase’s model empowers tenants (or their brokers) to name their specific space needs across asset types and have landlord reps and property brokers submit their available spaces for consideration, instead of the more traditional setup where potential lessees scour hundreds or even thousands of listings.
This option benefits both parties: potential tenants are notified of properties that meet their exact requirements, and leasing agents can hyper-focus on verified leads that are actively looking for space. Likewise, agents also gain more insight into the market and real-time demand for properties.
Through TenantBase, CommercialEdge subscribers can access an Active Tenants page and filter requirements by location, size and property classification. Then TenantBase provides a feed of active requests and requirements, which brokers can add to, resulting in much higher value prospects than through traditional models. As a result, the average transaction is completed in less than two months according to TenantBase brokers — versus the six months to a year it typically takes with traditional methods. TenantBase currently offers an active tenant data feed in 10 markets throughout the country, but expects that number increase to 50 in 2021.
Quicker Deals & Better Information
Through this partnership, TenantBase and CommercialEdge have created a much straighter path for commercial real estate parties to find the deal they’re looking for. It also provides an increased understanding of actual tenant demand, thereby allowing leasing agents to determine the best deals for their clients.
Designed to speed up prospecting and deals, the partnership between CommercialEdge and Tenantbase is not the only one that has been struck lately. CommercialEdge has also established partnerships with several other companies, including Buildout, a CRE marketing software provider.
Jan. 25, 2021 via TenantBase Press
(SANTA MONICA, CA) January 13, 2021 — TenantBase, a technology-enabled commercial real estate platform, today announced the promotion of David O’Rell to the newly-created role of chief strategy officer. He will have the primary responsibility for aligning all departments in the company around the major initiatives of growing the company’s partner broker network nationally and integrating the company’s TenantBoard product with other leading commercial real estate technology companies.
“David has been a key leader since joining our company and this new position will allow him to have a larger role in the success of our growth initiatives,” said Bennett Washabaugh, CEO and co-founder of TenantBase, “His experience and connections in commercial real estate makes him the perfect person for this key role.”
Last year, TenantBase launched a new partner broker program in order to help businesses lease space in nine new markets. Previously, TenantBase would open a brokerage office in each new market that would help tenants tour, negotiate and sign leases. The partner program allows TenantBase to quickly expand into new markets by aligning with leading local brokerages, like Turcotte Real Estate Services in San Antonio or Logic Commercial Real Estate Services in Las Vegas, to provide those services. TenantBase plans to aggressively expand the partner program in 2021 to more than 50 markets.
The other area of focus will be the growth of the TenantBoard, a tool that allows the leasing community to review and submit space to companies actively searching for space. Details about each tenant, including the amount of space required, location preference, lease term, and other unique attributes, are available to leasing agents and owners. To accelerate leasing activity, TenantBase is partnering with other leading commercial real estate companies to make this active tenant information available in other products. The first partnership with Yardi’s CommercialEdge product was announced in late 2020 and discussions are ongoing with other potential partners.
Jan. 25, 2021 via TenantBase Press
SALT LAKE CITY, UT JANUARY, 21, 2021 — Logical Move, a brokerage company exclusively representing buyers and tenants of commercial property, has partnered with TenantBase, a commercial real estate platform, to help Salt Lake businesses efficiently find, evaluate and lease commercial real estate. The combination of award-winning technology with top local market expertise will benefit any size of organization looking for their next space.
Through the integration with TenantBase’s TenantBoard platform, tenants start the process of finding office, industrial, retail, medical or coworking space along the Wasatch Front and their requirements will be shared anonymously with agents and owners in the leasing community, who can submit spaces for consideration. This process uncovers all the available options, even for challenging requirements. In addition to viewing spaces that match their criteria, tenants will receive unbiased recommendations from Logical Move. Logical Move brokers will organize property tours, offer advice on changing market conditions and leverage decades of experience on behalf of the tenant during negotiation. This process can accelerate the leasing timeline and many transactions close in less than 60 days, compared to the six to nine months commonly experienced by the “do it yourself” approach.
“This partnership creates a win-win-win situation for both of our companies and the tenants we serve,” said Bennett Washabaugh, CEO of TenantBase. “We are excited to partner with Logical Move, who share our tenant-first approach to commercial real estate.”
Now more than ever, tenants need an efficient way to lease space. The traditional ways of driving around looking for space or calling on signs is inefficient and time consuming. Through its digital approach, TenantBase is transforming the tenant experience. Much in the way LendingTree changed the way consumers get a loan, TenantBase was founded to revolutionize how commercial real estate is leased through its free service for tenants. Through partnering with Logical Move, the process is managed expertly from end-to-end, which reduces the stress, time and money spent during initial occupancy.
“Commercial property acquisition is getting more and more complicated,” according to Tim Sleeper, Principal Broker of Logical Move. “Our goal has always been to help our clients find the right property at the right time for the right price. This can only be done in an unbiased and transparent environment. We are excited to partner with TenantBase because they share our passion for efficiency and protecting the interests of corporate tenants.”
To get started on your search for your next space in Salt Lake, visit www.logicalmove.com or https://www.tenantbase.com/salt-lake-city/.
Nov. 18, 2020 via CREtech
CommercialEdge, a new commercial data and listing product by Yardi, has partnered with TenantBase, a tech-enabled commercial real estate platform, to facilitate transactions by bringing the supply of available office, industrial and retail spaces together with qualified tenants actively searching for space. Listing agents have traditionally posted their available space on various websites and waited for tenants to contact them. CommercialEdge customers will now have the ability to view active requirements and submit listings for consideration.
“This partnership is a game changer that will allow tenants and leasing agents to rapidly execute deals by having a better understanding of real tenant demand,” says Bennett Washabaugh, CEO and co-founder of TenantBase. “Owners and leasing agents can now structure flexible deals based on understanding the demand that exists in the marketplace. Tenants benefit by having owners submit offers based on what’s best for their business.”
CommercialEdge customers will have access to an Active Tenants page where they can filter requirements by size, property type and location. TenantBase will provide a feed of active requirements to initially populate it, and brokers will be able to add their requirements. The quality of an Active Tenant is far superior to a website lead. By qualifying and understanding their needs, TenantBase brokers are able to complete transactions in less than 60 days on average, compared to typical transactions that take 6 to 12 months.
“This is a great opportunity to help our customers lease their vacant space faster,” said Arjun Rao, director of global solutions at Yardi. “Active Tenants gives our customers a new, proactive way to prospect for the right types of tenants. Leasing agents understand all the ways they can configure space and they don’t want to list every possible option on a website. Understanding the aggregated demand provides powerful insight that can result in significant financial gains.”
TenantBase will initially be providing Active Tenant data feed in 10 markets that will expand rapidly to more major markets in 2021.
June 3, 2020 via Connect Texas
JLL’s Trevor Franke and Andrew Scudder represented the owners of Northwood Tower in Dallas, RTG Capital and Gault Company, in their lease to technology-enabled office brokerage firm TenantBase. The 5,204-square-foot space will serve as the company’s Dallas headquarters.
TenantBase’s Shawn Hall and Brad Beutel represented the tenant. “Dallas is one of our largest offices and very strategic to our national footprint across the country,” said TenantBase’s Mike Zei. “As North Texas continues to grow, it was imperative that our next office be north to extend our market knowledge to the new opportunities of commercial real estate product for our tenant rep clients.
“Northwood Tower not only overlooks the new Midtown Development, but it also provides easier access to the growing commercial market north of the Dallas Central Business District,” Zei continued. “The building’s updates, location and amenities make it a compelling option for our clients looking to lease office space.”
June 3, 2020 via Connect Chicago
Chicago-based Buildout recently launched a new integration with TenantBase, the tech-enabled CRE brokerage that helps startups and small businesses find and lease space. By syndicating their office, industrial, and retail listings with TenantBase, Buildout users can connect with a high volume of qualified tenants without losing the structure and control brought by an experienced tenant rep broker, the two companies said.
“We’re excited to bring a powerful tenant-rep platform like TenantBase into our partner network,” said Alan Spadoni, Buildout’s director of engineering. “Now, our users can connect with a new group of clients they might not have had access to before.”
At TenantBase, CEO Bennett Washabaugh said, “Many of our tenants are working on tight schedules, so we expect our integration with Buildout to greatly accelerate the leasing process for all stakeholders.”
April 21, 2020 via TenantBase Blog
TenantBase is proud to announce the addition of Kevin Salmon to our Dallas brokerage team. Salmon will bring over two decades of commercial real estate experience to TenantBase’s tech-driven model where he will represent and advise clients on lease and purchase transactions.
“I’m thrilled to be joining TenantBase and making Dallas my new home. I saw an opportunity to be part of a new way of transacting commercial real estate - one that relies on technology and data in a way largely unseen in the industry today.”
Prior to joining TenantBase Salmon founded Khizer Property Advisors and managed the investment sales company for over ten years. Under his leadership the company closed in excess of $1 billion in sales and lease transactions on behalf of clients.
Jan. 3, 2020 via The FORT with Chris Powers
In this episode of The FORT Podcast, Chris is sitting down with Bennett Washabaugh (CEO / Co-Founder) and Mike Zei (COO / Co-Founder) of TenantBase. TenantBase’s team has come together from the commercial real estate and technology industries for a single purpose—helping clients find a home for their startup or small business. Their free online service allows business owners to be paired with local brokers to find the best deal for office needs. Chris, Bennett, and Mike discuss the journey of their hypergrowth company, trying to solve every problem at once, raising capital, and determining roles to find the best path to success.
Nov. 6, 2019 via News 4 Nashville
“In the last five to six years, the rent downtown has just exploded,” said Tad Wood, a broker for TenantBase, a company that places businesses in office spaces around Nashville.
Wood said the growth of business in the downtown district has grown significantly.
“Downtown now is so many different segments,” said Wood. “That’s where Amazon is coming, there’s the SoBro district, there’s Church Street, and they all have different flavors. As you go down to where Amazon is coming, you can see it on the horizon, so people are already signing up and getting in line to be in these spaces that won’t be online for another year to year and a half.”
Nashville’s growth is impossible to deny, and experts say it’s just starting.
Aug. 9, 2019 via Culture Map Dallas
“TenantBase helps its clients solve a difficult problem,” says TenantBase Dallas regional director Brady Evans. “Many decision-makers have never leased space for their company, and our hundreds of client reviews speak to the service we provide and the challenges we eliminate for our clients.”
What started with five advisors in 2017 has grown to 20 advisors in 2019, which includes opening an office in Fort Worth.
The company’s proprietary software streamlines not only the office-search process, but also lease negotiations so that you don’t have to waste any time while still ensuring you get the best deal for your business. And the TenantBase team is always there to assist in any way they can.
Aug. 3, 2019 via https://connectconferences.com/connect-next-generation-awards-2019/
At age 31, Bennett Washabaugh is a pioneer in the proptech space. He’s founder and CEO of TenantBase, and has led it from a small startup to becoming arguably the largest tech-enabled brokerage in the U.S.
The Santa Monica, CA-based company was founded on the premise that smaller businesses have historically been underserved by traditional brokerage firms. These companies expect a modern experience with tools similar to what is available to apartment seekers and home buyers.
This vision has translated into impressive growth. Within the past year, the company has grown from a 30-person operation in three markets to more than 120 employees across 10 major markets.
This was made possible by Washabaugh’s ability to clearly articulate the company’s mission and the value of each team member’s contribution. TenantBase has been able to recruit experienced brokers who also recognize that the leasing landscape is changing, along with product and operational talent.
Brents Herron is a service-minded leader that is genuine in his goal to help his clients and colleagues succeed. As the regional director for the Southeast at TenantBase in Nashville, Herron is responsible for growing business in the region by overseeing the service, delivery, sales process, business development and recruitment and retention of CRE brokers.
Herron, 33, successfully transitioned from a hospitality and residential real estate background to a broker at TenantBase, and has since moved up through the ranks at the firm as a top producer. He is now overseeing sales operations in three major markets.
An individual who thinks ahead of the curve, Herron was able to identify the impact that similar technology had made in the residential space with firms such as Redfin, and see how that would transfer to CRE. He was able to quickly take a different approach to providing tenant representation services, and work with underserved small to mid-size companies in their office space search and lease process.
June 3, 2019 via LinkedIn
Andrew G Kelly Director - National Brokerage at TenantBase is interviewed in this episode. Andrew help businesses and startups find commercial space using powerful technology and highly talented brokers.
Jan. 30, 2019 via Connect Media
TenantBase, a tech-enabled commercial real estate brokerage, plans to expand into multiple markets with the launch of offices in Houston, Austin, Fort Worth, as well as Chicago. The Santa Monica, CA-headquartered firm now operates in nine major U.S. cities, with continued growth and technology initiatives planned for 2019.
The company has scaled up rapidly, following a mid-2018 fundraise focused on growing its technology and brokerage teams. TenantBase CEO Bennett Washabaugh (pictured above) says he anticipates having more than 100 local brokers by the end of Q1 2019, compared to 28 in 2018.
Joining the team in Texas are 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.
In Chicago, tenant rep veterans Bob Palffy and Andrew Kelly, formerly with Cresa and Transwestern respectively, will lead TenantBase’s Midwest brokerage operations.
Jan. 27, 2019 via CREtech
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.”
Jan. 25, 2019 via PrR Newswire
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.
July 26, 2018 via The Real Deal
TenantBase, a startup commercial real estate brokerage that caters to startups, is growing its operations in Los Angeles.
July 18, 2018 via BisNow
Danhof has been tapped by TenantBase, a firm focused on representing small office and industrial tenants, to spearhead its Atlanta expansion. The brokerage firm is debuting in Atlanta with six other brokers working under Danhof, with plans to hire more.
July 6, 2018 via The Real Deal
TenantBase, a startup commercial real estate brokerage that caters to startups, is growing its operations in Los Angeles.
The boutique firm has relocated to a 3,500-square-foot office space at 225 Arizona Avenue in Santa Monica, The Real Deal has learned.
TenantBase caters to the small to mid-sized tenants looking for office space that’s typically less than 5,000 square feet. Its technology-driven platform allows tenants to search for space on its website, and later pairs the tenant with an in-house “adviser” who guides them through the process of touring a space and signing the lease.
June 15, 2018 via Connect Media
Founded in 2014 and headquartered in Santa Monica, CA with five offices across the country, TenantBase is growing its business with a recent $10.7 million funding round. Led by Stonecutter TenantBase Investors LLC, an affiliate of New York-based Stonecutter Capital, the round includes previous investors.
The tech-enabled brokerage firm aims to serve small to medium-sized business owners in finding commercial space. Leveraging a proprietary client-facing technology, hands-on local brokerage services and internal tools, the technology eliminates inefficiencies that owners and tenants face. This round of funding will support the company’s talent expansion for more engineers and brokers.
CEO and co-founder Bennett Washabaugh said, “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.”
June 13, 2018 via PR Newswire
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.”
June 13, 2018 via TenantBase, Inc.
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.
Sept. 6, 2017 via CultureMap
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.
Aug. 23, 2017 via Orange County Business Journal
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.
July 24, 2017 via PR Web
TenantBase announces new office space in Dallas and additional hires for local commercial real estate Advisors.
June 19, 2017 via PR Web
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.
May 23, 2017 via HubSpot
TenantBase is a free service built to make searching for an office and signing a lease simple for startups and small businesses.
Here’s their Growth Stack Story…
March 7, 2017 via SuperbCrew
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:
Feb. 21, 2017 via CRE Tech
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.
Feb. 15, 2017 via PRWeb
TenantBase, the Commercial Real Estate platform built for small businesses and startups to find and lease office space, launched their third national market in Dallas, TX as of February 1, 2017.
May 23, 2016 via Orange County Business Journal
Bennett Washabaugh and Mike Zei launched their commercial real estate startup, TenantBase, with Irvine Company in mind as an innovator that leases space to startups around the country.
May 18, 2016 via ReleaseWire
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.
May 9, 2016 via Orange County Business Journal
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.
May 9, 2016 via Orange County Business Journal
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.
April 28, 2016 via GlobeSt.com
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.
Feb. 22, 2016 via Orange County Business Journal
An office-leasing startup at incubator EvoNexus in Irvine is expanding its operations across Southern California.
Feb. 17, 2016 via PRWeb
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.
Aug. 24, 2015 via SBWire
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.
May 28, 2015 via ReleaseWire
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.
April 28, 2014 via PRWeb
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.
