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
