Case Studies
Acquisition
| Purchase Date | 4/22/2021 |
| Project Size | 149,578 RSF |
| Purchase Price | $14,950,000 |
| CapEx/DM | $2,200,000 |
| TI/LC | $3,000,141 |
Performance
| Total Leased % at Acquisition | 68% |
| Total New Leasing | 57,859 RSF |
| Total Positive Absorption | 29,915 RSF |
| Current Total Leased % | 88% |
Transformation
Lobby Renovation, Common Corridors and Restrooms Renovation, Adding Full Suite of Amenities (Conference Center,Tenant Lounge, Fitness Center, and Golf Simulator), Parking Lot Repairs, Building Entry Upgrades, Lighting / Paint / Access / Exterior Upgrades, Signage (Parapet, Pylon, Etc.), Full Landscaping Overhaul, Deferred Maintenance (Parking Garage/Lot Repairs, HVAC Repairs, Building Wet Seal, Roof, Concrete Repairs)
+ Numerous Spec Suite Renovations and TI Build-Outs
+20%
Leased % Since Acquisition
Exterior
Updated Entry with modern design and updated landscaping
BEFORE: Building Exterior
BEFORE: Building Exterior
BEFORE: Exterior Landscaping
Updated Building Exterior with new paint and landscaping
Updated Building Exterior with new paint and landscaping
Updated Entry with modern design
Updated Exterior Landscaping
Addition of Tenant Courtyard with cabanas and putting green
Addition of Tenant Courtyard with cabanas and putting green
Addition of Tenant Courtyard with cabanas and putting green
Interior
Updated Lobby with new tile floors, paint, LED lighting strips, and lobby furniture
Updated Lobby with new tile floors, paint, LED lighting strips, and lobby furniture
BEFORE: Lobby
BEFORE: Lobby
BEFORE: Lobby
BEFORE: Elevator Lobby
BEFORE: Corridor
BEFORE: Garage Corridor
Updated Lobby with new tile floors, paint, LED lighting strips, and lobby furniture
Updated Lobby Elevators with LED lighting and modern wallpaper
Updated first floor Lobby Corridors with new tile flooring and modern wallpaper
Updated Elevator Lobby with new paint, carpet, and LED lighting strips
Updated Corridor with new paint and tile flooring
Updated Garage Corridor with new carpet and The Charter branded window design
Updated Garage Corridor with new carpet and The Charter branded window design
Amenities
New Building Conferencing Center with smartboards and kitchen
New Building Conferencing Center with smartboards and kitchen
New Building Conferencing Center with smartboards and kitchen
Addition of Tenant Lounge with golf simulator
Addition of Tenant Lounge with golf simulator
Addition of Gym with state-of-the-art equipment
Addition of Gym locker room with showers
Suite Finishes
BEFORE: Suite finishes
BEFORE: Suite finishes
New, built-out Spec Suites with Class A finishes
New, built-out Spec Suites with Class A finishes
New, built-out Spec Suites with Class A finishes
New, built-out Spec Suites with Class A finishes
New, built-out Spec Suites with Class A finishes
New, built-out Spec Suites with Class A finishes