Tenant Renews with New Ownership and Avoids Steep Business Park-Wide Rental Increase

Case Study / Deal Review

Oxford Agents: Matt Rogers & Perry Mazzone

Congrats to Perry Mazzone & Matt Rogers for representing your client in this transaction! Our client needed help renewing their industrial/flex lease in Northwest Houston. We were able to avoid a big rent hike from a new ownership group, and remove multiple holdover penalties. We also secured some free rent for the tenant. 

Highlighted deal terms:

• Free Rent: 1 months
• Tenant Improvements: N/A
• Negotiated Discount: 13%
• Parking: Free
• Other rights or deal points: Successfully avoided multiple holdover penalties and received a 60-day period to decide if they wanted to keep or give back 2 additional suites