Locally based Lincoln Harris Co. virtually leased up the remodeled 41,000-sf former industrial transit structure within a year. Only 3,000 sf remains available at average rents of $20 per sf.
The rehab of the former Boxer Building at 1000 West Morehead St. near Downtown started in early 2000 and was completed about four months ago.
"We think firms are looking for unusual space, something outside of the box, if you will, with slightly lower rental rates that is still close to Downtown," Danelle Wilson, marketing director at Lincoln Harris, tells GlobeSt.com.
The structure that formerly housed a shipping company has 20-foot ceilings, among other amenities. The property is listed on the National Registry of Historic Places. The $20-per-sf asking rent is slightly less than the market for offices in mid-town or near Downtown.
Lincoln Harris, an affiliate of Dallas-based Lincoln Properties, also is completing the 130,000-sf class A Morehead Square property near Downtown. The asking rent at that structure, which should be completed by the end of March, is $24 per sf.
Lincoln is also proposing a 31-story, 555,000 office building in Downtown with a 24,000-sf retail component. It would be connected with the Bank of America Corporate Center complex via a skywalk. The construction timetable depends on leasing, but plans call for start-up next fall.
Lincoln Harris has specialized in class A office space, developing 2.9 million-sf in Charlotte, as well as 260,000 of retail. The company currently manages over five million-sf of office space in 22 buildings in this city.
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David Wilkening
David Wilkening began his long journalism career as a police reporter for Chicago-area newspapers. He became a writer-editor for major newspapers in Chicago, Washington, Detroit and Florida. He has been a business editor, political editor and travel editor for newspapers and magazines. He tried for a while to be a political operative but did better as an adjunct college professor teaching English and journalism. He is the author of several books, both ghost-written and under his own name. He is also a widely published freelance writer who currently lives in Orlando.
