What Do You Do When Class A Office Space Isn't Good Enough?
They're already trophy buildings, but some of South Florida's Class A office towers are getting mulitimillion-dollar upgrades as investors compete for wealthy tenants.
March 24, 2015 at 10:52 AM
5 minute read
In the race for top-tier office tenants, investors in South Florida's plushest office towers are considering their multimillion-dollar acquisitions only a first step in an aggressive business strategy.
In a market where most of the Class A properties date back at least a decade, bullish investors are spending millions to turn trophy buildings into best-in-class inventory for Fortune 500 firms, hedge fund managers, large law firms, corporate headquarters and other clients who want plush office suites to woo deep-pocketed clients.
“You can't change the concrete, but you can enhance all the finishes,” said Steelbridge Capital managing principal Jay Caplin.
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