CASE STUDY / DEAL REVIEW
Oxford Agents: Chase McAteer
Summary:
We helped a client relocate their Houston facility from The Woodlands to the North Beltway & 249. This client maintains a fleet of 400 work vehicles for technicians across the Houston area, and they had no parking space left in their old location. The situation was tense between themselves, their landlord, and other neighboring tenants. We were able to locate a Class A flex end-cap space with sufficient parking for their needs – over a 5/1,000sf ratio.
| Property Type: | Class A Flex |
| Tenant Industry: | Utilities and Infrastructure |
| Size: | 13,000 SF |
| Submarket: | N Beltway / Tomball 249 |
| Transaction Type: |
Relocation |
| Free Rent: | (2) months gross abated |
| Tenant Improvements: | $1 psf |
| Negotiated Discount (%) | 17% |
| Parking: | 5/1,000sf ratio and dedicated parking areas for their exclusive use |
| Renewal Option | Yes |
| Sublease Rights: | Yes |
Chase McAteer
(904) 874-5822
cmcateer@oxfordcres.com