500 Marquette
The Challenge
This prominent downtown office high-rise had experienced an above market vacancy and a reputation of slow response to Tenants from past management of the site. Our team was identified as the new leasing team to actively get this great, Class A office space in front of both Users and the brokerage community.
The Solution
We assembled a cross-discipline team of three brokers within our group to best represent and reposition this leasing alternative. One of the potential Users identified was the County who shares space in the adjacent City/County building. A purchase of this asset was negotiated and approved after several months of intense negotiations. With the drop in the capital markets in October 2008, the sales was cancelled due to concerns about the market.
This remains a project in process but an aggressive marketing plan and approach is in progress.
