The Lincoln Center complex, on Lincoln Street near the stateCapitol building, comprises 20 floors of office space, eight floorsof parking, ground-floor retail space and exterior surface parking.It was built in 1972 and renovated in 2000 and 2005.

The occupancy at the office building stands at about 70% sinceits largest tenant vacated the 18th and 19th floors last month, butthe new owners expect occupancy to rebound soon because of thehistory of high occupancy at the project. SKB President ToddGooding points out that the average occupancy of the building overthe past 10 years has been above 90% and that the tenant thatrelocated was paying a rent 60% below market rates.

In addition, Gooding points out, some 45,000 sf of leasing is inprocess that was not included in SKB's pro forma. If the 45,000 sfwere added in, the occupancy would reach 82%.