Los Angeles-based Everest Auctions LLC has launched EverestAuctions.com, a Web portal designed to facilitate the auction of commercial real estate space available for lease.
EverestAuctions.com will debut with 22 active auctions in five states. The portal will allow retailers, commercial landlords and brokerage professionals to post a suite of space for lease, while prospective tenants can then participate in an active 45-day bidding process to win the space at the lease price to which they are willing to commit.
EverestAuctions.com will also provide tenants with the ability to search for space that meets their needs and view all major lease provisions so they can negotiate a potential lease in a faster, more efficient fashion.
‘The way we market commercial real estate for lease has changed very little during the past 25 years,’ says Steve Winger, company founder and 25-year real estate industry veteran. ‘Everest Auctions provides the three main players of a commercial property lease – the landlord, broker and tenant – with an innovative, easy-to-use application that employs the most powerful and widely accessible marketing tool that the industry currently ignores – the Internet.’