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Tenant Renews for Discount Despite Building being 100% Leased

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
[email protected]

Ryan Hartsell

(281) 923-5660
[email protected]

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O&G Firm Saves Big on Rent and Parking by Relocating from Downtown

CASE STUDY / DEAL REVIEW

Oxford Agents: Chase McAteer

Summary:
We helped an oil & gas client relocate their offices from downtown to the City Centre area. They were able to downsize their office footprint, completely eliminate staff parking charges, and capture significant rent savings during this move.

Property Type: Class A Office
Tenant Industry: Downstream O&G
Size: 7,614 SF
Submarket: Katy Freeway East
Transaction Type: Relocation
Free Rent: (8) months fully abated
Tenant Improvements: $15psf – $114k
Additional Credits/Reimbursements:
Option to convert $4.50psf allowance to cover other soft costs. Additional option to convert up to $38k unused allowance for rent credit.
Negotiated Discount (%): 15%
Parking:
Unreserved parking abated for 2 years, three reserved parking spaces in the parking garage.
Other deal points worth mentioning: ROFR for expansion into adjacent 4,000sf space.
Renewal Option: Yes
Right of First Refusal:
Yes

Chase McAteer

(904) 874-5822
[email protected]

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Call Us Today: (713) 575-2703

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Tenant Leases Hard to Find Freestanding Office in Missouri City

CASE STUDY / DEAL REVIEW

Oxford Agents: Chase McAteer

Summary:
We recently helped a long-term tenant of the San Felipe / Tanglewood area relocate to a new office. This move allowed our client to update and modernize their space to attract new talent for their growing team. The deal was significantly below market and they are happy with the decision to relocate.

Property Type: Class B Office
Tenant Industry: Therapy
Size: 3,800 SF
Submarket: Sugar Land / Fort Bend
Transaction Type: New location
Free Rent: (4) Months gross abated
Tenant Improvements: $5 psf
Renewal Option: Yes

Chase McAteer

(904) 874-5822
[email protected]dcres.com

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Call Us Today: (713) 575-2703

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Downtown Law Firm Renews Early with Substantial Free Rent

CASE STUDY / DEAL REVIEW

Oxford Agents: Ryan Hartsell

Summary:
We helped another law firm client who wanted to take advantage of the current tenant’s market, so we negotiated an early renewal. Highlighted deal terms: $2 psf off the building’s advertised rental rate & ten (10) months of free rent.

Property Type: Class B Office
Tenant Industry: Law Firm
Size: 7,992 Sq Ft
Submarket: CBD
Transaction Type: Early Renewal
Free Rent: 10 Months
Tenant Improvements: As-Is
Negotiated Discount (%): 29%

Ryan Hartsell

(281) 923-5660
[email protected]

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Call Us Today: (713) 575-2703

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Tenant Downsizes Lease, Pays Significantly Under Advertised Rate

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
[email protected]

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Call Us Today: (713) 575-2703

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Vehicle Inspections Company Doubles Square Footage

CASE STUDY / DEAL REVIEW

Oxford Agents: Vincent Vega & Chase McAteer

Summary:
We helped another client double their office space to support their increase in business and employees. We were able to find them a convenient building for their employee base in a property that provided turn-key build out.

Property Type: Class B Office
Tenant Industry: Mechanics Inspections
Size: 2,106 Sq Ft
Submarket: Energy Corridor
Transaction Type: Relocation
Free Rent: 4 months
Tenant Improvements: Turnkey 
Negotiated Discount (%): 13%
Renewal Option:
Yes
Other deal points worth mentioning:  Expansion Right if expands more than 1,000sf

Vincent Vega

(832) 433-0970
[email protected]

Chase McAteer

(904) 874-5822
[email protected]

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Call Us Today: (713) 575-2703

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Valve Company Secures Under Market Sublease Space and Solves Storage Capacity issues

CASE STUDY / DEAL REVIEW

Oxford Agents: Dylan Stiteler

Summary:
We helped a client who solve their space issues and consolidate two warehouse spaces to become more efficient with their distribution. We helped them secure an under market sublease space with early storage access which resulted in rent savings and free early occupancy.

Property Type: Industrial Class B
Tenant Industry: Valve Distribution
Size: 26,676 Sq Ft
Submarket: Sugar Land/Stafford
Transaction Type: Relocation
Free Rent: 1 month base
Tenant Improvements: Broom swept condition 
Negotiated Discount (%): 10%
Other deal points worth mentioning:  Immediate access to 10,000 SF for storage purposes

Dylan Stiteler

(832) 433-0970
[email protected]

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Call Us Today: (713) 575-2703