CASE STUDY / DEAL REVIEW
Oxford Agents: Vincent Vega & Perry Mazzone
Summary:
We helped another client who was looking to relocate out of the high traffic Uptown area into a larger, more convenient high end office space. They were also able to take advantage of the soft Houson office market by receiving favorable deal terms and being able to occupy a temporary space in the building free of charge. Highlighted deal terms: 10 months of abated rent, free temporary space, 3 years of free parking, high tenant improvement allowance, and a $5/psf additional free rent credit.
| Property Type: | Class A – Office |
| Tenant Industry: | Consulting |
| Size: | 3,369 Sq Ft |
| Submarket: | Westchase |
| Transaction Type: | Relocation |
| Free Rent: | 11 months |
| Tenant Improvements: | $25.00 PSF |
| Additional Credits/Reimbursement: | Up to $5/psf of unused TI converted to rent credit. |
| Parking: |
Initial 36 months of parking abated |
| Renewal Option: | Yes |
| Other rights worth mentioning: |
Occupying temp space free of charge and having parking abated while in the temp space. |
Vincent Vega
(713) 575-2471
vvega@oxfordcres.com
Perry Mazzone
(713) 401-8896
pmazzone@oxfordcres.com