Case Study: Office Lease Restructure
1 Riverway, Houston, TX
A Houston-based accounting firm with more than 50 years of history serving businesses and individuals in Houston and across the United States.
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.
- 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 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.