Helping raise the occupancy level is a new five-year, 9,686-sf lease aggregately valued at $1.07 million ($22 per sf) and signed by Pavarini Construction Co. Inc. of Greenwich, CT. Grace Blanco of Coral Gables, FL-based Abood & Associates negotiated for the property owner. James Lloyd of James Lloyd & Associates Inc. represented Pavarini.
Aquila president Jordan Paul credits Blanco's efforts and his company's property management division for bringing the building to full-lease status in 90 days.
"Even with the property at 95% occupancy, we are still going to be marketing it very aggressively, as we have another 12,000 sf coming available at the end of the year," Paul tells GlobeSt.com.
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