Trizec bought the building, located at 222 Lakeview Ave., in February 1998 for $39.5 million and has plugged an additional $3 million into it since that time. The average asking rent for available space in the building ranges from $21.50 per sf to $28 per sf. Floor sizes range from 10,000 sf to 24,000 sf.
"There is going to be some significant bidding," Rick Matthews, senior VP of public relations for Trizec Properties, tells GlobeSt.com. "It's a class A, trophy-quality building."
According to Matthews, the Esperante property, in the city's central business district, no longer fits the company's strategic plans. "Our core strategy is to concentrate our national portfolio into our core markets," which are New York, Atlanta, Chicago, Houston, Dallas, Los Angeles and Washington, D.C. Just under 20% of Trizec Properties' portfolio is in markets other than those seven, "and we want to reduce that over time," he explains.
Law firms are the building's largest tenants, and include: Akerman Senterfitt, which occupies 29,000 sf; Holland & Knight, 18,725 sf; Carlton Fields, 16,304 sf; and Ruden McClosky, 14,148 sf. Other tenants that take up more than 10,000 sf include: Washington Mutual bank, Robert Half International, Ryan Beck & Co. and PricewaterhouseCoopers.
The building has a restaurant, a shoe shine, lobby fountains, a five-story glass atrium, an attached parking garage with a covered pedestrian bridge and a car wash, among other amenities.
Manuel Dezarraga of Holliday Fenoglio Fowler is the broker. The building's architect was RTKL Associates Inc.
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