Terms were not disclosed, but brokers operating in this area tell GlobeSt.com the asking rental rate at this complex is about $21 per sf. At an estimated five-year lease, the contract's aggregate value is about $3.54 million, area brokers tell GlobeSt.com.
Creditor Resources, a supplier of credit insurance and related technology products, moves into the 11-story, 221,633-sf, Center II building, which was completed in 1986. It is adjacent to the six-story, 136,157-sf, Center I building, completed in 1984, which shares the same address. Both are class-A office properties, and the complex includes a café, health club and covered parking.
The lease takes the two-building facility above 98% occupancy. The owner is locally based Primrose Properties Associates LLC.
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