CASE STUDY / DEAL REVIEW
Oxford Agents: Vincent Vega & Chase McAteer
Summary:
We are pleased to announce we helped a client relocate their Energy Corridor office to a new property in Park Ten. They were fed up dealing with poor property management in their previous building and ready for a fresh start. Our client still had 9 months left on their lease, but they wanted to move right away if possible. We were able to find a building that was affordable and willing to provide 9 months of abated rent upfront. This allowed our client to relocate immediately without paying for double rent.
| Property Type: | Class B Office |
| Tenant Industry: | Employment Benefits |
| Size: | 2,036 sf |
| Submarket: | Katy Freeway West |
| Renewal/Relocation/Purchase/Sale/New Location: |
Relocation |
| Free Rent: | 9 months up front |
| Negotiated Discount: | 14% |
| Parking: | 3 reserved spaces |
| Renewal Option: | Yes |
| Sublease Rights: | Yes |
Other Rights worth mentioning:
Lowered hold over from 200% to 150%. Right to sublease space[
Vincent Vega
(713) 575-2471
vvega@oxfordcres.com
Chase McAteer
(904) 874-5822
cmcateer@oxfordcres.com
