CASE STUDY / DEAL REVIEW

Oxford Agents: Ryan Hartsell

Summary:
We recently helped a long-standing tenant downsize its lease significantly under the rental rate advertised by the landlord. Highlighted deal terms: $6 psf off the asking rate and 0% amortization of tenant improvements.

 

Property Type: Class B Office
Tenant Industry: Software/Technology Consulting
Size: 1,617  Sq Ft
Submarket: North Loop West
Transaction Type: Renewal
Free Rent: 1 months
Tenant Improvements: As-Is
Negotiated Discount (%): 21%
Parking:
Free Reserved and Unreserved Parking
Other deal points worth mentioning:  Landlord willing to amortize any tenant construction up to $10 psf into the rent at 0% interest.

Ryan Hartsell

(281) 923-5660
rhartsell@oxfordcres.com