Equis Corp. senior vice president Kevin Duckler and vice president Joe Zona report they achieved a rate significantly below the market at The Atrium, where Prime Group Realty Trust asks $13 per sf on a net lease basis. Meanwhile, The Staubach Co. senior vice president Andrea VanGelder and managing principal Jock Howland claim a 23% savings for Wildman Harrold Allen & Dixon, a 200-attorney firm whose practice include real estate.
Cushman & Wakefield recently pegged total vacancy in the East-West submarket at 33.1%, with includes a 27.5% direct vacancy rate. While direct vacancy has dropped two percentage points since last year, sublease space has doubled in the 11.2-million-sf submarket, to 5.6%.
Fay Oomen of Prime Group Realty Trust handled negotiations for her company while Diana Riekse of Transwestern did likewise at 2300 Cabot, where published net lease rates start at $16 per sf.
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