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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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