LaeRoc Funds Announces Lease Renewals in Downtown Building


Posted November 9, 2012 by mediagg

LaeRoc is proud to announce that two tenants of the building have recently renewed their leases

 
The Columbia Square office building, located in San Diego, became part of a LaeRoc Fund portfolio when it was purchased in 2007. Since that initial purchase, the building has continued to be in the 80% to 95% occupancy levels.. LaeRoc is proud to announce that two tenants of the building have recently renewed their leases

The first renewal took place in 2010, when T.T. Inc., renewed for a 6-year term. The total value of this lease is estimated at several million dollars over its term. The company leases over 20,000 square feet in the Columbia Square building.

"We're pleased to see that T.T. Inc., will be staying with us.

The second renewal took place in 2011, and is valued at $1 million. This company, S. Facilities, Inc., which leases over 10,000 square feet in the Columbia Square building. "This is another renewal we were pleased to see come to fruition," says a LaeRoc Funds employee. "We work hard to keep the building at capacity, and every renewal puts us a little closer to doing just that. We're always pleased when our tenants tell us they'll be planning to stay with us."

The Columbia Square building has 143,573 rentable square feet, and it's contained on 0.574 acres of land. The building offers sweeping views, as well as a high walkability score and is over 90 percent occupied at time of this writing.

URL: http://pages.rediff.com/laeroc-investments/1815176#!home
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Issued By Lae Roc Investments
Website Lae Roc Investments
Country United States
Categories Finance , Loans
Tags lae roc , lae roc investments
Last Updated November 9, 2012