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BOSC Equities’ Dime Building Proves Financial
District Jewel for New and Renewing Tenants
Waad J. Nadhir, BOSC’s Chief Executive Officer
today announced the arrival of 3 new tenants, 1 lease
renewal, and 1 space expansion to the Dime Building;
accounting for more than 36,000 square feet.
- Social Security Administration signed a new lease
on 15,000 square feet of space.
- NORR/Giffels L.L.C. has leased 8200 square feet.
- DMJM H&N relocated to a new suite within the
Dime Building and extended their lease.
- Hartford Insurance renewed their lease for 1905
square feet. Bank of New York expanded their offices
in the Dime building from 4777 square foot to 8374.
“Our tenants commitment to expansion, lease
renewal and relocation to the Dime Building is testament
of the promise of a renaissance in the city of Detroit
and rejuvenation of the Southeast Michigan economy,”
stated Mr. Nadhir.
According to Paul Beitz, First Vice President of CB
Richard Ellis who is leasing agent for the Dime building
and also a tenant, “BOSC has a reputation for
being meticulous in its standards for the maintenance
of the properties in its portfolio. They work hard to
exceed the expectations of their tenants and in a competitive
real estate market that’s critical to attracting
and retaining tenants.”
BOSC acquired the Dime Building (www.dimebuilding.com),
located at 719 Griswold Street in Detroit in 2000. The
building boasts 23 stories, 325,000 square feet of Class
“A” space and an adjacent 930 car garage
called The Financial District Garage located at 730
Shelby Street. Designed by Daniel Burnham and completed
in 1913 as the former Dime Savings Bank, the Dime building,
when built was the tallest building in the city and
first skyscraper. In 2002, BOSC and Barton Malow Design
architects completed renovations to the building, reclaiming
the beauty of the original structure, updating building
systems, and installing the technology backbone required
by the 21st century worker.
BOSC Equities, co-founded by Waad J. Nadhir, the Company’s
Chief Executive Officer, began operations in 1989 and
has developed properties throughout the United States.
The company’s core business is value-added property
redevelopment that can include properties developed
for urban in-fill and mixed-use. BOSC Equities acquires
assets in need of revitalization, which can benefit
from the company’s entrepreneurial and aggressive
approach to redevelopment and repositioning in a market.
BOSC Equities seeks to renovate properties to an institutional
quality that benefits our customers, the community and
our investors. For further information visit www.bosc.com.
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