The ownership purchased 4700 Mueller from a vacating owner-occupant and needed to find replacement tenant(s) as soon as possible.
ECR took over marketing and leasing of the 47,000 SF Class A office building when its prior owner-user was planning to vacate.
Difficult market following the global pandemic.
The ownership invested significantly in lobby renovations, exterior landscaping & surface parking to modernize the building.
Created high-end, custom marketing collateral to showcase building improvements, abundant nearby amenities surrounding its prime Mueller district location, the new ownership, on-site amenities including a 1st floor conference center, 3rd floor private patio, and parking.
Created plans to show how each floor could be divided for multiple tenants.
Reached out to each active commercial real estate broker inthe market to discuss the project and share information.
Targeted and pursued active tenants in the market.
Created a value tour experience at the property, including a marketing center.
Efficient and effective negotiation through finalization.
Riverside Resources is very pleased with ECR’s efforts and the end result at 4700 Mueller. We purchased a vacant building and shortly after we acquired the building, ECR’s leasing team signed 3 new leases and helped procure a user to purchase 4700 Mueller, exceeding our expectations. All of this during a global pandemic with uncertainty around the office market. The team’s results at 4700 Mueller provides us with a success story that surpasses this assignment and contributes to the overall strong relationship with ECR.
Partner, Riverside Resources
Execution: 3 favorable leases were executed within 9 months of hiring in a difficult post-pandemic office market.
March 2022 – 12,484 RSF leased for 10 years
July 2022 – 17,134 RSF leased for 7 years
August 2022 – 3,727 RSF leased for 5 years
Full occupancy of an entirely vacant building resulted in a building sale in February 2023.