The 27-year-old firm will continue to occupy the third floor of the 267,248-square-foot, class B building. With the renewal, the 15-story building is 52 percent occupied, according to Trae Anderson with Dominus Commercial. He represented the owner, Lakewood, N.J.-based Diversified Capital. Larry Denisoff with The Weitzman Group's Corporate Services Division represented DDC.
Anderson tells GlobeSt. that the lease renewal included additional improvement, as well as the upgrading of a monument sign for DDC's exclusive use. "DDC is not a new tenant," he says, "but we are very excited to keep them at Regions Tower. They've been a staple of our building for many years, and we look forward to keep them for many years to come."
Denisoff tells GlobeSt. that DDC looked at a couple of different buildings in its search, but eventually decided to stay at Regions Tower because the location was "good for customers and employees" and the building had "good economics." The building's asking rent is $13.50 to $14.50 per square foot, full-service.
Regions Tower, which was built in 1973 and renovated in 2003, offers onsite amenities including a full-service deli, sundry shop, 24-hour security and Starbucks. It also offers tenants free covered parking, dock high loading area, DART bus service and Regions Bank with ATM.
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