After suffering the loss of Armstrong Teasdale, one of its largest tenants, Met Square continues to rebuild its occupancy rate, adding one new tenant from across the street and another from across town.
Insurance defense law firm Evans & Dixon has leased nearly 40,000 sf on floors 24 and 25 for its 116 employees. They're moving from 33,000 sf on three floors at the Millennium Center at 515 Olive and a smaller office at 705 Olive.
Favorable rental rates facilitated the firm's step up from a Class B building to Class A space, and the move now opens up a significant block of space for a value-minded tenant in the Millennium Center. Space in the building leases for $12.00 psf - a true bargain in a recently renovated building with a great location.
Met Square is also adding the Better Business Bureau, which is relocating its 32 employees from Maplewood to a 6,700 sf space.