"We continue to see preservation groups show interest in acquiring and protecting high-quality land like this from development," says NAI Hanson's John J. Schilp.

As the line between work and play continues to blur, it's becoming even more important to provide opportunities to connect with other tenants and the surrounding neighborhood, says Zeller Realty's Mark Vollbrecht.

Victory is undergoing a full remerchandising, adding 85,000 square feet of new retail space, and making key enhancements to evolve into a more walkable urban neighborhood, along with a re-tenanting effort.