Prominently located on Lynnhaven Parkway, this class A office Building is directly across the street from the 1,000,000 square foot Lynnhaven Mall. The property was purchased at 70% occupancy as part of a portfolio owned by G.E. Capital.
95% occupancy was achieved by combining a first class renovation to all the common areas with a strategic leasing program. Tenants include PrimeLending, AMG National Trust Bank, KBS, Prosoft, Gold Rush, Mosely Architects, and First Command.
VALUE ACHIEVED
- Repositioned the property which attracted a higher quality tenant mix.
- Implemented a first class renovation for all common areas.
- Increased the occupancy upon acquisition from 70% to 95%
- Re-engineered operating procedures resulting in significant savings.
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