Case Study: Office Space Disposition
1000 Louisiana, Houston, Texas

The Client:

The client specializes in the acquisition, exploration, production and development of crude oil and natural gas, primarily in the Gulf Coast region of the United States.

The Challenge:

The energy downturn of 2014 left the client burdened with excess office space at its headquarters at 1000 Louisiana. The client hired Fritsche Anderson to create and implement a proactive strategy to reduce its real estate expense by disposing of two floors of unused office space.

Services Provided:

  • Marketing materials professionally developed in-house 
  • Proactive marketing campaign aimed at brokers and potential subtenants
  • Comprehensive market analysis
  • Development of conceptual architectural plans to enhance marketability
  • Professional tours of the space with all prospective subtenants
  • Weekly reporting to the client of on-going activity and pursuit status

The Result:

The Fritsche Anderson team closed subleases with six different subtenants totaling over 41,000 square feet, resulting in savings in excess of $5.0 million.