Wednesday, April 30, 2008

500 N. Broadway On the Market

500 N. Broadway is listed for sale by Marcus & Millichap for $17.5 million. The 22-story, 282,965 sf building features parking for 288 cars and received a $5 million renovation in 1999. It is currently 38% vacant, so hopefully the building’s new owners will work to maximize the value of their investment by filling the vacant space.

The building’s tenants include Lewis, Rice & Fingersh (who may or may not be staying in the building when their lease is up), LaBarge Pipe & Steel, Burton Greenberg, RBC Dain Rauscher, McGlynn & Luther, Beneficial Capital Leasing, Daedalus Capital and The Castle Law Office.

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