Friday, November 02, 2007

Shell Building for Sale

I noticed recently that the Shell Building at 1221 Locust had been listed for sale, and today's Business Journal explains why - the partnership of the building's owners, Kevin McGowan and Nat Walsh, is dissolving.

The 112,000 sf building is listed at $2.6 million and is 82% occupied. The entire 9th floor - 9,064 sf - is available at $12.00 psf.

This historic building - the former headquarters of Shell Oil - has always been my favorite downtown office building, and I hope it finds a great owner.

Link: http://svninfinity.com/property/pdf/SVNShellBuildingSale2007.pdf

1 comment:

Anonymous said...

Wow. 82% is pretty high. Yet some how, I would be ok if it were converted to lofts given the development of the area.