VTS plans to create a marketplace will provide the infrastructure for landlords, agency brokers, tenant reps, and tenants to complete lease transactions online. The marketplace, slated for a 2019 launch, will enable landlords and brokers to dramatically improve the marketing and leasing of spaces.

Clients include Beacon Capital Partners, Blackstone, LaSalle Investment Management, Hines, Boston Properties, JLL and CBRE. The platform manages more than nine billion square feet of commercial real estate and a user base that exceeds 34,000.

According to VTS, landlords use the platform to maximize portfolio performance by transforming their leasing and asset management process, enabling them to acquire the right tenants faster than has been possible, and optimize the renewal process—reducing costly downtime. Brokers can manage their deal pipeline and get tenants into empty spaces faster, collaborate across teams and work easily with their landlord clients through the platform.

The aim is to make landlords, agency brokers, tenant reps, and tenants more efficient than has been possible. VTS will provide the capability to complete the full deal cycle for deals of all sizes, streamlining a process that has, for decades been highly inefficient and expensive for everyone involved

In lieu of an intuitive, automated process, landlords, tenant reps, and tenants today exchange phone calls, emails, and Word documents back and forth for weeks and months--hence the infamous phrase “time kills all deals.”