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: | Management Consulting |
| Size: | 10,525 SF |
| Submarket: | San Felipe / Voss |
| Transaction Type: | Relocation |
| Free Rent: | (3) Months fully abated |
| Tenant Improvements: | Turnkey per initial scope |
| Additional Credits/Reimbursements: |
(1) Additional free month rent credit to cover unforeseen costs related to cost updates. |
| Negotiated Discount (%): | 31% |
| Parking: |
(4) reserved parking spaces, plus 3/1,000sf unreserved parking all fully abated for 3 years. |
| Other deal points worth mentioning: | Tenant has the right to install monument signage out front of building. |
| Renewal Option: | Yes |
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