CASE STUDY / DEAL REVIEW
Oxford Agents: Ryan Hartsell
Summary:
We help a client who’s sublease was terminated transition into a direct lease renewal. We leveraged our market comparable and relationship with the landlord to negotiate a fair-market deal much lower than other tenants in the building. While the process was far from enjoyable, it could have been much worse. The final result was a win-win for both the landlord and tenant.
| Property Type: | Class A Warehouse |
| Tenant Industry: | Debt Collection |
| Size: | 14,000 sq ft |
| Submarket: | Katy, TX |
| Renewal/Relocation/Purchase/Sale/New Location: |
Renewal |
| Free Rent: | 11 months gross |
| Tenant Improvements: | $5 |
| Negotiated Discount (%) | 32% |
| Parking: | 64 unreserved and 20 reserved for free |
| Sublease Rights: |
Yes |
| Renewal Option | Yes |
| Sublease Rights: | Yes |
Ryan Hartsell
(281) 923-5660
rhartsell@oxfordcres.com
