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CASE STUDY / DEAL REVIEW

Oxford Agents: Chase McAteer

Summary:
We helped a client relocate their Houston facility from The Woodlands to the North Beltway & 249. This client maintains a fleet of 400 work vehicles for technicians across the Houston area, and they had no parking space left in their old location. The situation was tense between themselves, their landlord, and other neighboring tenants. We were able to locate a Class A flex end-cap space with sufficient parking for their needs – over a 5/1,000sf ratio.

Property Type: Class A Flex
Tenant Industry: Utilities and Infrastructure
Size: 13,000 SF
Submarket: N Beltway / Tomball 249
Renewal/Relocation/Purchase/Sale/New Location:
Relocation
Free Rent: (2) months gross abated
Tenant Improvements: $1 psf
Negotiated Discount (%) 17%
Parking: 5/1,000sf ratio and dedicated parking areas for their exclusive use
Renewal Option Yes
Sublease Rights: Yes

Chase McAteer

(904) 874-5822
[email protected]

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