Advance Realty Group owns the property and relied on representation from its Washington, DC senior vice president and regional managing director David Fisher. Martin Griffin of Grubb & Ellis and the Staubach Co.'s Jim Cahill also participated. Additional terms of the lease have not been revealed. Scheer Partners lists on its website the leasing rate per sf at the property as $21.50 per sf.
A class A facility, 8301 Professional Place is one of nine buildings Advance owns at Metro East. The two-story structure was recently renovated following former sole tenant Lucent Technologies' departure earlier this year. "The capital improvement program we put in place at this facility is a reflection of Advance's philosophy of creating the best possible facilities for our tenants--present and future," Fisher notes.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
