Hall Street is a 13-story, 112,225 square-foot office tower acquired by QIP in August 2016. At the time of acquisition, the property was 90.6% leased to both small, local tenants and large, national tenants. It serves as the headquarters for the majority of its tenancy. Built in 1982, this boutique office tower is located directly across the street from QIP-owned The Centrum. The Centrum’s proximity within the growing and vibrant Oak Lawn neighborhood allows access to new world-class amenities that otherwise could not be offered to tenants in a building of this size. Value can be achieved by rolling significantly below-market rents up to market, slightly repositioning the entrance and common areas of the asset, and the formation of an immediate working relationship with The Centrum.
Jackie Fraker Marshall