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Industrial :: Case Study :: Ingersoll-Rand
33,150 SF
13810 Hollister
Houston, TX
Hussman Corporation, an IR Company, had a lease expiring in an
older, inefficient office warehouse. Two other IR companies also
had leases expiring at approximately the same time. A location
was needed that could accommodate all three divisions, provide
an upgrade in quality, and offer equal or better economics. The
combined divisions also had parking requirements in excess of those
normal for an industrial facility, and there was also a requirement
for outside storage.
After narrowing down the available properties to a short list that
met the combined and individual requirements of the three companies,
NAI Houston was able to negotiate a lease in a newly constructed
facility that provided improved image and efficiency and met the
parking and storage requirements for all three divisions. Substantial
rent and build out concessions reduced all three division’s
occupancy costs below their previous levels individually and on
a combined basis.
Increased efficiency, image improvement, and cost savings. Five
(5) Years with a Five-Year Renewal Option. 6 months abated rent.
Maximum renewal rate pre-defined. Overall reduced occupancy costs.
$11/sf in build out allowance. This project is an example of the “can
do” attitude of NAI Houston. We can meet our client’s
business objectives.
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