CASE STUDY / DEAL REVIEW

Oxford Agents: Ryan Hartsell

Summary:
We recently helped a client renew while having a difficult landlord not wanting to recognize current market fundamentals. We leveraged a competitive offer from a different landlord, which resulted in renewal terms 22% under the initial “best and final offer.” We also added an on-going termination option should the primary partner die or become disabled

Property Type: Class C Office
Tenant Industry: CPA
Size: 3,023 SF
Submarket: Katy Fwy West
Renewal/Relocation/Purchase/Sale/New Location:
Renewal
Free Rent: 3 months
Tenant Improvements: $5
Negotiated Discount (%) 22%
Parking: Free parking
Other deal points worth mentioning: 
No OPEX charges for storage space (was paying for OPEX historically)
Termination Option:
Yes
Renewal Option Yes
Sublease Rights: Yes

Ryan Hartsell

(281) 923-5660
rhartsell@oxfordcres.com