CBRE's Christian Lee describes how unique the opportunity is in today's market.

The total development cost is estimated at $127 million and the renovations at the complex will exceed $36 million.

Similar to the public's growing interest in green construction, builders are increasingly hearing from potential buyers that energy efficiency is a key item on their new-home wish list, CCN's John Musitano tells GlobeSt.com.

Simone says it sees an attractive value-add opportunity to re-position the building and increase NOI substantially via lease-up of immediately available space.