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Law Firm Renews for Better Terms During COVID

CASE STUDY / DEAL REVIEW

Oxford Agents:      Chase McAteer & Vincent Vega

Summary:
Oxford Partners had the opportunity to represent a law firm in the Galleria area for their recent lease renewal. We used the current tenant’s market and our knowledge of recently closed deals in the area to secure a lower base rent, 4 months of upfront abated rent on a short term lease, a tenant improvement allowance to pay for needed security installations, and the flexibility to use any remaining allowance as a credit for their rent. We also decreased the monthly cost for their storage spaces in the building. Our client was more than happy with the end results – it’s a great feeling to help our client’s keep more of their money in their pockets for their business instead of for rent!

Property Type: Class A Office
Tenant Industry: Law Firm
Size: 2,080 sf
Submarket: Galleria
Renewal/Relocation/Purchase/Sale/New Location:
Renewal
Free Rent: 4 months
Tenant Improvements: $5 PSF
Negotiated Discount: 20%
Renewal Option: Yes
Right of First Refusal: Yes
Sublease Rights: Yes

Chase McAteer

(904) 874-5822
[email protected]

Vincent Vega

(713) 575-2471
[email protected]

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Hard to Find Fabrication Shop Secured With Multiple Landlord Concessions

CASE STUDY / DEAL REVIEW

Oxford Agents:    Chase McAteer

Summary:

Our internationally based client was looking to open their first fabrication shop in the United States. We were able to locate a suitable crane-served facility that will meet their current needs. The landlord upgraded the crane capacity in the building as part of the negotiated deal.

Property Type: Class B Warehouse
Tenant Industry: Manufacturing & Fabrication
Size: 17,500 sq ft
Submarket: Northwest Houston
Free Rent: 2 months
Tenant Improvements: Turnkey make ready of the office area, Landlord installed 15-ton crane
Negotiated Discount: 12 %
Renewal Option: Yes
Right of First Refusal: Yes
Sublease Rights: Yes
Termination Rights: Tenant has an on-going right to terminate the lease.

Chase McAteer

(904) 874-5822
[email protected]

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Call Us Today: (713) 575-2703

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Growing Firm Navigates Multiple Roadblocks & Finds Long Term Home

CASE STUDY / DEAL REVIEW

Oxford Agents:      Matt Rogers

Summary:
We are pleased to announce that we were able to help a growing client with unique needs find a suitable property to purchase. Among other benefits, we were able to help them limit their up-front expenses which enabled them to invest more heavily in their inventory. We also had a zoning issue to navigate due to the location of the property.  We used our network of resources and colleagues to dive into loan structures that allowed them to achieve their objectives. After interviewing potential 3rd party vendors to help navigate the zoning issue, we were able to close and gave them a property that will sustain them for the foreseeable future.

Property Type: Industrial
Tenant Industry: Natural Disaster Relief
Size: 100k sf on 32 acres
Submarket: South Beltway

Other Rights worth mentioning:

Prior to closing, this group was leasing half the property.  We did a short term lease with a secured first right of refusal to purchase, which they ultimately exercised.   

Services or Solutions worth mentioning:

Made introduction to the bank they used and helped find the type of loan they needed.  Spent a lot of time meeting with civil engineers, architects, Pearland specialists, and with the Pearland development council to obtain approval for the intended use of the property.  

 

Matt Rogers

(713) 858-3764
[email protected]

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Call Us Today: (713) 575-2703

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Growing Construction Company Relocates & Quadruples Footprint

CASE STUDY / DEAL REVIEW

Oxford Agents:      Chase McAteer & Taylor Stoute

Summary:
We are pleased to announce that we were able to help another client who recently outgrew their current facility. We completed multiple property searches and tours which resulted in them negotiating extremely affordable terms in a lease premises 4x larger than their previous location.

Property Type: Class C Flex
Tenant Industry: Construction
Size: 13,450 sf
Submarket: Pasadena
Free Rent: 2 months
Sublease Rights: Yes

Other Rights worth mentioning:

Negotiated the removal of a personal guarantee and made the landlord responsible for HVAC repairs over $500.

Chase McAteer

(904) 874-5822
[email protected]

Taylor Stoute

(713) 705-1146
[email protected]

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Call Us Today: (713) 575-2703

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Energy Tenant Renews Early with Rent Forgiveness, Additional Free Rent & Lower Rental Rates

CASE STUDY / DEAL REVIEW

Oxford Agents:      Douglas Hale & Chase McAteer

Summary:
We are pleased to announce that we were able to help a client renew their office lease with improved terms. We were able to secure a renewal lease with term equal to the most aggressive relocation options in the market. We are so happy they did not have to go through the hassle of moving to achieve this!

Property Type: Class B Office
Tenant Industry: Energy Sector
Size: 7,411 SF
Submarket: Energy Corridor
Free Rent: 6 Months
Tenant Improvements: $148,220 ($20.00 PSF)
Negotiated Discount: 23%
Parking: Free
Renewal Option: Yes
Sublease Rights: Yes

Douglas Hale

(832) 752-6155
[email protected]

Chase McAteer

(904) 874-5822
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703