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CASE STUDY / DEAL REVIEW

Oxford Agents: Vincent Vega

Summary:
We helped a client secure new office space after subleasing for years. Among other benefits, we negotiated a very high tenant improvement allowance using the tenant’s preferred contractor. We also negotiated a nice rental discount and some free rent.

Property Type:Class B Office
Tenant Industry:Criminal Law
Size:2,268 SF
Submarket:North Loop West
Transaction Type:
Relocation
Free Rent:4 months
Tenant Improvements:$28.00/RSF Allowance
Negotiated Discount (%)5.4%
Parking:Free Parking
Renewal Option:
Yes
Sublease Rights:Yes

Other Rights worth mentioning:

1) The landlord must complete common area improvements by a certain time

2) Use of tenant’s personal contractor

3) Improvements to the Default Provision

4) Right to audit landlord’s books

5) Lowering the subleasing fee be paid to the landlord & splitting profits with the landlord 50/50.

Vincent Vega

(713) 575-2471
[email protected]

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