New tenants include Cardworks Servicing, LLC, which signed alease for the entire 57,511-sf fourth floor and Alcatel-Lucent,which signed a lease for 36,430 sf, the entire available space onthe third floor. Combined, these two leases increase occupancy from63% to 91%. Existing tenants in the building include Marc USA,Wesco, US Bank and Ansoft.

According to Jeremy Kronman, part of the CBRE brokerage team whohandled these transactions, the recent leasing activity at CommerceCourt is part of a larger trend in the class A office market:significant absorption and leasing velocity. "Options for bigblocks of quality class A space in the Downtown area continue toshrink," Kronman says. Rates in the building have risen about 15%since the building traded hands and CB Richard Ellis took overleasing, rising to $22 per sf full service, up from $19 per sf, CBRichard Ellis' Andrew Miller tells GlobeSt.com.