1530 Wilson Boulevard
In 2013, Booz Allen Hamilton, Lockheed Martin, and CRDF, all major tenants at the building were vacating the building due to corporate consolidation or relocation needs. With the resulting high vacancy rate, property owner, Invesco, and LPC’s leasing and construction management team developed a capital improvement plan that included a modern fitness center, a robust conference center with lounge and kitchen area with an outdoor lounge area, lobby and exterior entryway renovations. In addition, rolled out a spec suite program throughout the building. With that and their local expertise, Lincoln was able to lease to 95% occupied.
High-Water Vacancy: 2Q 2013 - 42.5 % leased
Asking Rate (2013): $40.00-$42.00 PSF
Percent Leased (Now): 95.0%
Asking Rate (Now): $42.00 - $45.00 PSF
Typical TI: $55-$60 PSF
Spec Spaces Leased: >15
At Lincoln, we see challenges as opportunities. Opportunities to apply our strategic thinking and proven resources to even the most arduous assignments.
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