Block 57

Dogwood Capital purchased this distressed asset out of foreclosure and implemented its vertically integrated asset services approach to pull tenants from the surrounding submarkets. The full-scale renovation included:  common corridor and restroom renovation, lobby renovation, new common conference center, new tenant lounge, new fitness center, golf simulator, parking lot repairs, improved lighting, exterior upgrades, and a complete landscaping overhaul.  Within 12 months of closing, Block 57 experienced a 50% occupancy gain and a 25% rental rate growth for new leases.