Success Stories

Principals experience at non-Apricus properties. 

200 S. Wacker, Chicago, Illinois

  • 750,000 SF, Class A office property located in the Chicago CBD
  • Recapitalization of a distressed Class A building on Wacker Drive, Chicago’s preeminent office location. Opportunity to re-establish the property through renovations, complete tenant allowance packages, and a new marketing team
  • Completed renovations and executed over 200,000 SF of leasing with rental rates ahead of pro-forma

3/4 Park Central, Dallas

Because of the efforts of the team, the following was accomplished:

  • Occupancy was increased from 29% to 88% within 18 months of takeover
  • Raised the effective rental rates by 25% during the same time frame
  • Resulted in becoming the submarket leader in activity and showings

O’Hare Industrial Portfolio

  • 955,000 SF industrial portfolio in Elk Grove Village, Illinois
  • Infill industrial portfolio performing below market due to inattentive and capital-constrained ownership
  • Over 15 months, completed 215,000 SF of new and renewal leasing
  • Occupancy increased from 75% to 89%

Two American Center, Tyler, Texas

The team worked for 12 month on the project, accomplishing the following:

  • Replaced antiquated pneumatic controls with state-of-the-art digital controls and building automation
  • Conversion resulted in significant operating savings and value enhancement of 4X on initial investment
  • Going “green” reduced energy consumption by 35%

Republic Center, Dallas

During the first ten months of the assignment, the team accomplished the following:

  • Completed deals totaling 112,000 RSF
  • Created the highest leasing velocity of any Dallas CBD office building
  • Decreased operating expenses approximately $1.0 million through competitive bidding and operating efficiencies

The AIA deal at Republic Center was awarded the Deal of the Year for Neighborhood Impact by Dallas Business Journal