Monday, February 12, 2007

Who Says There Are No Large Blocks of Space Available?

One of the knocks on downtown is the current dearth of large blocks of contiguous office space. However, two prominent buildings on the western edge of downtown offer an outstanding value for large tenants.

The Sherwood Medical Building at 1915 Olive contains 143,024 square feet of leasable space for lease at $18.50 per square foot. Renovated in 1999, this property was last occupied by A.G. Edwards, who vacated the space in 2003 as part of an effort to consolidate its offices on its main campus at Market and Jefferson. The building includes a 278-car garage and is served by numerous large surface lots nearby.

Just a block away, 1881 Pine Street currently has 110,000 square feet available (the entire building) at just $15.00 per square foot.
These are excellent lease rates for office space of this quality!

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