"We just signed John W. Bristol & Co. for the entire 18th floor, 9,325 sf," Kent M. Swig, principal of Swig Burris, tells GlobeSt.com. "The firm is an 80-year-old investment and money manager. Also, they are a very old-line, secure company, which we thought would fit nicely with what we're looking to do with the building."
As reported by GlobeSt.com in August, the building is in the process of a $64-million renovation to the interior. As part of that plan, ownership has installed a new electrical system, HVAC services, restored windows and upgraded the lobby.
"Demolition and construction has been going on for the past 18 to 20 months to gut the interior and make it technologically-sophisticated," Swig relates. "Now construction is winding down and the building is opening within the next 45 days."
The larger blocks of space are already occupied, with GMAC Commercial Mortgage claiming 24,000 sf as reported by GlobeSt.com in October. "Now GMAC has expanded their lease and taken another floor, putting them in at 37,000 sf," according to Robert Lowe, senior director of Cushman & Wakefield, who with John Cefaly and Jonathon Dean represents ownership exclusively.
The 34-story, 324,000-complex has 150,000 sf signed, with prices peaking at $40 per sf for the higher floors and smaller numbers for space on lower levels, according to ownership. At present, Lowe says, negotiations are in progress with an institution he calls a "household name," along with other smaller users to be signed before the building's opening.
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