Skip Ribbon Commands
Skip to main content

Case Study

Equitable Building: Creating a bidding environment in a quiet market

Services provided: Agency leasing, property management and disposition
 
The owner of The Equitable Building, an aging landmark in downtown St. Louis, was ready to exit the market, but wanted to achieve maximum value. Rental rates in the CBD are historically flat and annual absorption does not attract institutional or value-add investors for this type of building.

An aggressive program of understanding local market dynamics and the creation of several value-enhancing strategies prior to taking the product to the market allowed our team to create a vision of strong potential upside in the value of this building.

A targeted approach to specific value-add and opportunistic investors was undertaken and increased interest in the project was generated that led to multiple tours and an atmosphere of energy and competitiveness.

The building was sold through a three-phase bid process. After each phase, we facilitated increased bids for the asset by capitalizing on the keen interest for the upside potential of the building.

All case studies

 

 

Orange Regional Medical Center/united-states/en-us/case-studies/510/orange-regional-medical-centerOrange Regional Medical CenterA campus expansion plan that encompasses an owner constructed and financed, new physician office building incorporating an ambulatory care center, along with an attached but separate cancer center addition and renovation. A consolidation and enhancement of outpatient care services on the Main Campus, for a collaborative and interdisciplinary approach for outpatient diagnostic and treatment services.
UCSF Benioff Children’s Hospital Oakland/united-states/en-us/case-studies/511/ucsf-benioff-childrens-hospital-oaklandUCSF Benioff Children’s Hospital OaklandUCSF Benioff Children's Hospital was designed in 3 separate zones: patient, caregiver and family, ensuring that “family centered” concepts were followed.
NetScout/united-states/en-us/case-studies/512/netscoutNetScoutNetScout was dealing with surplus space in their corporate office and interested in finding a more efficient solution. So JLL's Tenant Representation team jumped into action.