ONCOR SUBLEASECompetitive Sublease Disposition in a Competitive Market
Competitive Sublease Disposition in a Competitive Market
157,958 Rentable Square Feet
Oncor moved from Energy Plaza (EP), in order to move into their newly bought headquarters at 1616 Woodall Rogers. Lease termination on space in EP had five years left. The challenge was to find a client who could sublease the six floors in EP. OMS initiated a call to the Greyhound (GH) brokers, who agreed to tour the space.
GH became a catalyst of motivation and also created a sense of urgency for EFH to move quickly in buying back the leased floors from Oncor
EFH buys back all six leased floors from Oncor
Unprecedented timing was achieved in taking a large sublease space off the market through persistence, strategic thought leadership and consulting efforts