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As e-commerce and last mile logistics tenants continue to fuel a massive industrial space expansion, the location of Steelcase's buildings, access to employment and highways were big factors in choosing a site.
The original storefront was built in 1954 and today, the rebuilt retail experience accomplishes the goal of refreshing and creating a modern urban streetscape that appeals to all Texas Medical Center visitors.
We are also seeing a slowdown on the executive search front with new assignments flattening out versus the robust hiring environment that we observed in 2018.
The building is currently 100% occupied with an average remaining lease term of 7.4 years and in-place triple net rent levels amongst the highest in the Baltimore market, according to the REIT.