The building is anchored by a strong AAA tenant
on a long-term basis, highly sought-after by savvy real estate investors.
The complete real estate encyclopedia; from AAA tenant
to zoning variance and everything in between.
The south core location has attracted many AAA tenants
with its dynamic location, new infrastructure, and connectivity with Union Station," said Peter Menkes, President of the Commercial/Industrial Division at Menkes.
Now nearly 100 percent occupied, the 40 Wall Street's roster includes AAA tenants
such as American Express, Bear Steams and CNA.
coms, much of the space on the market today is occupied by large, downsizing AAA tenants
who still pay rent on their space.
Attractive centers that are fully leased by AAA tenants
are being gobbled up by the REITs - pushed to grow by Wall Street's growth expectations - at capitalization rates more aggressive than we choose to pay.