Case Studies

Catalyst

Project Overview

  • 2 building/flex campus located in Arizona State University (ASU) Research Park
  • Designed for flex or office use
  • Local ownership

Challenge

  • Two large vacancies came up at the same time
  • Leasing restrictions exist in ASU Research Park
  • Vacancy did not show well

Solution

  • Perform minor demolition to make vacancy more presentable
  • Contact all high-tech tenants in the ASU Research Park
  • Market the limited flex space opportunity

Results

  • 100% occupancy achieved again
  • Fortune 50 credit tenant
  • Below market standard tenant improvement concessions given
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