post

CASE STUDY / DEAL REVIEW

Oxford Agents: Perry Mazzone & Ryan Hartsell

Summary:
We helped a client who was about to renew their lease, but did not think they could get the effective rate down because of the desirable location (bldg was 100% leased). We were able to tack on some free rent, improve the rental rate, and get them a TI allowance. Highlighted deal terms: Five (5) Months of Free Rent & $6 PSF of additional Tenant Improvement Allowance.

Property Type:Class B Office
Tenant Industry:Finance (Valuation Advisors)
Size:2,856 SF
Submarket:Midtown
Transaction Type:Renewal
Free Rent:5 Months
Tenant Improvements:$6 PSF
Negotiated Discount (%):10%
Parking:Abated for first 12 months
Renewal Option:Yes

Perry Mazzone

(713) 401-8896
[email protected]

Ryan Hartsell

(281) 923-5660
[email protected]

Need help with your commercial real estate?

Call Us Today: (713) 575-2703