Stream Realty's Tim O. Terrell tells GlobeSt.com that the building at 105 Decker Court is 60% occupied, partly because of Liberty Mutual's departure earlier this year. However, some leases in play due to be finalized shortly, could boost that occupancy by 10%.

In the meantime, renovations continue in the building, which was built in 1983. "The building has recently undergone some major renovations, and now we're in the process of doing more," says Terrell, who is working with Stream Realty's Rebecca Rambie on filling up the building. The improvements involve upgrades to the conference center and deli and a possible workout facility. Furthermore, two speculate office suites have been approved by building owner TA Associates.

"We'll improve the appearance of many of the other vacancies," Terrell says, adding that there is one 38,000-square-foot contiguous space available. "The common areas that haven't been upgraded soon will be."

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
NOT FOR REPRINT

© 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.