Roy Hirshland, president of T3 Realty Advisors, represented Ember in the transaction while Ben Heller, vice president at Spaulding & Slye Colliers, represented property owner, Edwards Day Property Investments. "In this market it is particularly gratifying to lease space and it is even better to lease space to a growing, dynamic company like Ember," says Heller.

The city continues to experience relatively high vacancy rates, but for the first quarter in three years the city's central business district had a drop in its vacancy rate from 15% in the first quarter to 14.3% in the second quarter, according to Cushman & Wakefield's most recent statistics.

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.