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Case Study

Upcoming vacancy pre-leased without going to market, bringing occupancy to 100%

​JLL knew Meridian Corporate Plaza, a premier suburban office park located in the North Meridian corridor, was facing a full first-floor vacancy of 32,000 square feet in its second property, Meridian Corporate Plaza II, when the existing tenant approached the landlord for an early buy-out. Before taking this opportunity to the market, JLL approached a tenant of the park's first property, Meridian Corporate Plaza I. This tenant had been experiencing significant growth, and JLL presented the soon-to-be-vacated space in the adjacent building as an expansion opportunity. 

Thanks to JLL's creative initiative, the growing tenant agreed to lease the full floor at the adjacent Meridian Corporate Plaza II in two phases, while also extending its 30,000 square-foot lease at Meridian Corporate Plaza I. This increased the park occupancy to 98 percent and brought Meridian Corporate Plaza II to 100 percent leased.

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