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