Thursday, February 21, 2008

A-B Looking for Space Downtown?


Joe Whittington of the Post-Dispatch reports this morning that Anheuser-Busch is looking for 35,000 sf downtown. According to Whittington's column:

A likely spot is said to be in the Bank of America Plaza, 800 North Market Street, where the brewery has a presence. The most likely spot would be on the first floor that the landlord has been marketing as a restaurant.
If the brewery is looking for 35,000 sf, it would need more than just the first floor. The first floor space is 18,000 sf at $16.00 psf. There is also a 15,935 sf space available on the second floor at $22.00 psf - those spaces together total almost 34,000 sf. The only other decent-sized block of vacant space is the 19,307 sf availability on the 18th floor.

Bank of America Plaza is currently 92% leased. If A-B were to lease the 34,000 sf available on floors 1-2, the building's occupancy rate would hit almost 97%.

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