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CASE STUDY / DEAL REVIEW

Oxford Agents:  Perry Mazzone & Vincent Vega

Summary:
We are pleased to announce that we were able to help a client who needed to renew their lease or relocate within a short time frame. We were able to quickly summarize what could be obtained in the surrounding market versus renewing at the current location, which resulted in an increase in abated rent, higher tenant improvement allowance, and a lower base rental rate.

Property Type:Class B Office
Tenant Industry:Oil & Gas
Size:1,500 SF
Submarket:Pasadena/Gulf Fwy
Renewal/Relocation/Purchase/Sale/New Location:
Renewal
Free Rent:5 months
Tenant Improvements:Turnkey
Negotiated Discount:15%
Parking:Decreased reserved parking spot from $50 per month to $25 per month for the first two years of the lease
Sublease Rights:Yes

Perry Mazzone

(713) 401-8896
[email protected]

Vincent Vega

(713) 575-2471
[email protected]

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