The 22-story Saint Paul Place at 750 N. Saint Paul St. underwent a multimillion-dollar renovation last year as part of Goddard's value-add plan before it moved to the sales market. As is so common these days, the re-groomed class A office building has been de-listed until the market calms down.

Goddard didn't respond by deadline to comment on the decision which, in turn, triggered a competition for the leasing assignment. The decision's now in: Peloton Real Estate Partners has wrestled the lease from Grubb & Ellis Co., which also didn't respond by deadline to comment on the assignment loss.

Saint Paul Place Cafe

Pustmueller tells GlobeSt.com that Grubb & Ellis has inked "three or four" deals for new tenants in the past month and deals pending for full-floor leases as does Peloton, which came to the table with a two-floor lease in tow. He says the building's stabilization point is 85% to 90% occupancy. "We're hoping we can be there in 12 months," he says.

Saint Paul Place's largest contiguous block is 50,000 sf on floors seven to 10. Also up for grabs are the penthouse floor and the one right below. Pustmueller says the upper bank block could be expanded by shuffling tenants.