Case Study: Office Lease Restructure
1 Riverway, Houston, TX

The Client:

A Houston-based accounting firm with more than 50 years of history serving businesses and individuals in Houston and across the United States.

The Challenge:

Midway into a long term lease commitment, the Client received a compelling offer to sell one of its practice groups, resulting in the need for 25% less square footage.

Services Provided:

  • Space programming to verify ongoing square footage and space planning needs
  • Construction estimates for space reconfiguration
  • Current market analysis
  • Negotiations with landlord
  • Construction management
  • Move coordination

The Result:

The Fritsche Anderson team negotiated on the Client’s behalf to surrender the excess space back to the landlord, in exchange for a lease extension on the remaining space. The landlord fully funded the costs of construction to reconfigure the Client’s remaining space, which were in excess of $500,000.