By: Deborah Johnson Wood
Third Coast Financial, a commercial real estate finance firm dealing in high-end property investments and development, was successful at its former offices in Cascade. So why move its four employees to 44 Grandville in Heartside?
"What has happened downtown in the past ten years is conducive to helping us grow our business," says Vice President Peter St. John. "We wanted to show our clients we're in an up-and-coming city."
Easy access to attorneys and accountants is important, but being close to upscale lodging, restaurants, and nightclubs is key when hosting clients who represent multi-million dollar business opportunities.
"The JW Marriott is a great fit for what we're doing," St. John adds. "We have clients from the Cayman Islands, Bulgaria, and China. If not all the group wants to go out after dinner, some can walk back to the hotel and others can walk to a wine bar or nightclub."
The new space is a 2,580-square-foot loft with exposed ductwork and an exposed-brick wall that runs the length of the office. A central reception area was the only addition the company had to make.
St. John adds that parking costs were a concern. But the final tally on the lease and parking equaled what they'd paid in the burbs for just office space.
"For the same price, we're downtown with a lot more access to a lot more amenities and services that will only expand our business."
Chris Beckering and Chip Bowling of Grubb & Ellis Paramount Commerce brokered the transaction.
Source: Peter St. John, Third Coast Financial
Deborah Johnson Wood is development news editor for Rapid Growth Media. She can be contacted at [email protected].
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