Challenge:
A well-located, fully leased office building which is located on a short term ground lease and has an anchor tenant lease expiring after a 20-year tenancy.

Vision:
To work with the land owner to extend the ground lease while working with the tenant on a new lease while researching alternative uses for the space.

Results:
The building was acquired in late 2003 and a successful renegotiation with the anchor tenant was completed. The building was then profitably sold in 2005.