Meritage Homes was seeking a full floor of Class A office space along the West Belt.
The client was eager for a good value play in a market that offered ease of access for their current employees and to an educated labor pool to fuel future growth.
As a high-density user, Meritage Homes was also wanting to identify an efficient floorplate and secure building signage, which is unusual for a tenant of its size.
Cresa looked at traffic patterns for current employees and ran a detailed labor analysis to determine which market could best support the client’s future growth.
Through this analysis, Cresa identified an exceptional value in Westchase that met the client’s key requirements.
Cresa then delivered 10-year economics on a 7 year deal by leveraging the market, achieving a robust tenant concessions package highlighted by 11 months of abated rent, building signage and a large TI allowance.
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