Texans Care for Children

Challenge

• ECR was hired by Texans Care for Children, a growing non-profit focused on improving the lives of Texan children through policy change, to help find an interim solution in their original building and simultaneously source and negotiate a better long-term office solution.
• Texans Care for Children occupied two spaces in the same building as a temporary solution to accommodate their growing team.
• The two leases were not coterminous, with the lease for the smaller space used as a conference facility expiring prior to the lease for their main office within the building.
• The landlord had originally denied the request for a short-term lease extension on the annexed space and was focused on expanding Texans Care For Children within the building, which did not align with their goals.

Strategy

• ECR and Texans Care for Children worked together to ensure a clear understanding of the company’s ultimate long-term office space needs, budget, items to avoid, targeted timelines, and the immediate challenge of maintaining their footprint in the building while evaluating other options.
• It was important for Texans Care for Children to solve their immediate challenge and then focus on negotiating a deal with an aggressive rental rate, minimize out-of-pocket construction costs and hit their timeline to avoid holding over.

Results

• Through its market knowledge, relationships, and diligence, ECR was able to negotiate a short-term extension in Texans Care for Children’s original building to be coterminous with their original lease.
• After solving the immediate challenge, ECR was successful in finding optimal space and successfully negotiated favorable lease terms for our client including a below-market rate, a $90,000 TI Allowance (one of the highest at the building year-to-date), and on schedule with the targeted timeline.