CASE STUDY / DEAL REVIEW
Oxford Agents: Ryan Hartsell
Summary:
We helped a client who was paying above market rents secure an early renewal. We provided the landlord with competing offers elsewhere, which resulted in our client realizing a $3 PSF reduction in their rent. We also received 4 months of free rent and a $15 PSF construction allowance to upgrade their space.
| Property Type: | Class B Office |
| Tenant Industry: | Employee Benefit Administration |
| Size: | 7,382 SF |
| Submarket: | Northwest Near |
| Transaction Type: | Renewal |
| Free Rent: | 4 Months |
| Tenant Improvements: | $15 PSF |
| Negotiated Discount (%): | 23% |
| Parking: | Free |
| Additional Credits/Reimbursements: | $41,312 Rent Forgiveness |
| Termination Option: | Yes |
| Renewal Option: |
Yes |
| Sublease Rights: | Yes |
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