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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

Ryan Hartsell

(281) 923-5660
[email protected]

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