Humana is moving in 900 employees from One Riverfront Place and its 150,000-sf space in Grand Baldwin, another 245,000-sf building in the professional center. The project includes the addition of a boutique hotel, and the developer announced recently that Springhill will open there with 123 suite rooms. The center also includes a 209,000 sf office building and a 74,000-sf office facility. The property was originally the place where Baldwin pianos were first made, says Jordan Weidner, an office specialist at Colliers Turley Martin Tucker.
He and the team of Bob Ryan and Mike Hartmann with CTMT are marketing the 150,000 sf that Humana is leaving in the Grand Baldwin building. "We've been actively pursuing large tenants in the area to backfill the space," Weidner says. "We're looking at renovations and updating amenities. The building was constructed in 1922 and renovated in 1987."
He says in total, about 313,000 sf of the property is available. "We think that this is a unique property, with high-end finishes and access to Interstate 71. And it's one of the biggest chunks of space available on the market today. It's just a tremendous amount of contiguous space, and with the cost of new construction continuing to increase, it can only be beneficial," Weidner says. The asking rates are about $13 to $13.50 per sf, slightly less than the North's market rate of about $15 per sf, he says.
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.