At a time when it’s incredibly challenging for owners of office space to keep their vacancy rates low, many owners are making improvements to their properties to continue to keep and attract new tenants.
A new ownership group purchased the office complex known as Park 37 in Greenville for $53,250,000 back in January of 2022. It’s a significant office park for Greenville and has 9 buildings. Recently they have completed some gorgeous improvements to Park 37 Building 300. DP3 Architects did the design and it looks amazing! Congrats to the ownership group, DP3 Architects and the tenants who get to benefit from this significant improvement to the building!
I have not made contact with the new owner yet but this would likely benefit from doing a partial asset dispostion on this property given the significant improvements that have been made.