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CASE STUDY / DEAL REVIEW

Oxford Agents:    Ryan Hartsell

Summary:
We were able to help a client who needed to renovate their office layout while also considering a relocation. We negotiated an aggressive deal with an alternative landlord, which resulted in a lease renewal that was 30% lower than the landlord’s initial offer. In addition to rental discounts, we were able to negotiate 1 year of free rent, a convertible tenant improvement allowance and 6 months of prior rent forgiveness.

Property Type:Class A Office
Tenant Industry:Engineering
Size:13,256 SF
Submarket:West Belt
Renewal/Relocation/Purchase/Sale/New Location:
Renewal
Free Rent:12 Months Free
Tenant Improvements:$20 psf
Negotiated Discount:30%
Parking:Free
Sublease Rights:Yes

Additional Credits/Reimbursements:

$10 psf of unused TI may be converted to free rent ($132,560 rent savings) and took back 3,500 sq ft 6 months early ($35,000 rent savings)

Other Rights worth mentioning:

Landlord installed a brand new HVAC system for the tenant at the sole cost of the landlord

Ryan Hartsell

(281) 923-5660
[email protected]

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