Rob Fuelling, senior vice president at IDS, points out that Empire Corporate Plaza provides an above-market parking ratio of five spaces per 1,000 sf leased, compared with the standard ratio of four spaces per 1,000 sf. The 41,775-sf floor sizes far exceed the typical mid-rise floor of approximately 20,000 sf, he adds.
Fuelling and Dan Sibson, also a senior vice president at IDS, along with Tom Pierik and Dave Mudge of the Riverside office of Lee & Associates represented the owners. Kaiser was represented by David Churton of Jones Lang LaSalle's San Francisco office and James Malone of the Los Angeles office.
The 15-acre Empire Corporate Plaza complex features three two-story buildings of 81,519 sf each for a total of approximately 245,000 sf. The $50 million project is scheduled for completion in September 2007.
Continue Reading for Free
Register and gain access to:
- 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
© 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.