Realty.com, a privately-held nationwide real estate search portal headquartered Houston, TX., has acquired the entire commercial real estate portfolio of Texas-based Oxley Leasing in a deal that includes approximately 1,000,000 square feet of office space in Houston and Dallas.
The acquisition, led by Realty.com CEO Lance Custen, will result in the renovation of all buildings into premium, Class A office spaces with amenities including full-size restaurants, arcades and gyms.
In conjunction, Realty.com will be launching its VIP Office Space program to begin incentivizing brokers with commissions and bonuses for bringing tenants to the company’s buildings for lease. These commissions will range up to 8% on all leases in the first year. Co-working individual suites will initially be offered for as low as $199 per month.
"Realty.com is excited to be taking its next step to expand its brand,” said Custen. “We’re also looking forward to our forthcoming launch of Texas.com to further our residential real estate presence in Texas."
Lance Custen, Chief Executive Officer, Realty.com
Chief Operating Officer at Realty.com