Lenox Park
Multi-tenant, value add office / 290,806 sf / Memphis, TN
Property Details
- Worked with Eightfold Capital to create a business strategy and acquire three institutionally maintained office properties at a price that would allow the Landlord to be aggressive with rates and create leasing velocity.
- Prior to acquisition, the properties were severely mismanaged, causing occupancy to drop from 73% to 20%.
- With a fresh marketing campaign, the ability to offer below market rates, and our quick and seamless response to any and all leasing inquiries, Lenox A & B began to immediately see increased activity.
- Our team has completed nearly 100,000 sf of leases while continuing to pursue prospects.
