CASE STUDY / DEAL REVIEW
Oxford Agents: Perry Mazzone & Ryan Hartsell
Summary:
We helped a client who was about to renew their lease, but did not think they could get the effective rate down because of the desirable location (bldg was 100% leased). We were able to tack on some free rent, improve the rental rate, and get them a TI allowance. Highlighted deal terms: Five (5) Months of Free Rent & $6 PSF of additional Tenant Improvement Allowance.
| Property Type: | Class B Office |
| Tenant Industry: | Finance (Valuation Advisors) |
| Size: | 2,856 SF |
| Submarket: | Midtown |
| Transaction Type: | Renewal |
| Free Rent: | 5 Months |
| Tenant Improvements: | $6 PSF |
| Negotiated Discount (%): | 10% |
| Parking: | Abated for first 12 months |
| Renewal Option: | Yes |
Perry Mazzone
(713) 401-8896
pmazzone@oxfordcres.com
Ryan Hartsell
(281) 923-5660
rhartsell@oxfordcres.com