Urology Associates had just about zeroed in on the Central Park Square Building at 2020 N. Central Ave. in the city for its new headquarters when the medical firm's new building owner, Equus Realty Advisors, stepped up to the plate with an offer that washard to refuse, Colleen McPherson, with CB Richard Ellis Inc.'s local office, tells GlobeSt.com.
"It became a bidding war," McPherson says of the tug-of-tenant-war between the two properties. But Equus, which paid $5 million in May for the 202 E. Earll Dr. office building that Urology Associates has called home for the last 10 years, was not to be outdone. Armed with a bag of concessions, including reduced rent and an exceptional tenant improvement package, Equus' offer was unbeatable.
"They were very, very aggressive," McPherson says of the La Jolla, CA-based Equus. "I was very impressed with what they did to keep this tenant in the building."
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- 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
Already have an account? Sign In Now
*May exclude premium content© 2025 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.
