Oxford Agents:    Ryan Hartsell

We were able to help a client who needed to renovate their office layout while also considering a relocation. We negotiated an aggressive deal with an alternative landlord, which resulted in a lease renewal that was 30% lower than the landlord’s initial offer. In addition to rental discounts, we were able to negotiate 1 year of free rent, a convertible tenant improvement allowance and 6 months of prior rent forgiveness.

Property Type: Class A Office
Tenant Industry: Engineering
Size: 13,256 SF
Submarket: West Belt
Renewal/Relocation/Purchase/Sale/New Location:
Free Rent: 12 Months Free
Tenant Improvements: $20 psf
Negotiated Discount: 30%
Parking: Free
Sublease Rights: Yes

Additional Credits/Reimbursements:

$10 psf of unused TI may be converted to free rent ($132,560 rent savings) and took back 3,500 sq ft 6 months early ($35,000 rent savings)Other Rights worth mentioning:

Landlord installed a brand new HVAC system for the tenant at the sole cost of the landlord

Ryan Hartsell

(281) 923-5660