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