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"Our focus isn't energy; it's high-quality tenants and long-term credit leases".
With rising unemployment and an average nationwide office vacancy rate of 16.5percentt, buildings with long-term high-quality tenants have become more appealing, both to publicly traded investment companies and private individuals.
Mr. Mermel added, "It had high-quality tenants with long-term leases, and it was in a prime location on Middle Country Road, a major retail corridor in Suffolk".
The park's location off High Ridge Road and Exit 35 of the Merritt Parkway, its condition and landscaping were cited with its history of high-quality tenants as selling points, Mr. Dunne said.
"The fact that a building that had been essentially written off can be turned around and attract high-quality tenants says a lot about the health of Westchester's market," Mr. Tomasulo said.
In Lower Manhattan, a fully occupied building with high-quality tenants would be priced at $300 to $400 a square foot, while one with significant vacancies would fetch $200 a square foot or less, he said.
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High-quality tenant information will allow landlords to reach tenants who are in financial distress before they fall into arrears, and put in place the measures necessary to ensure they pay their rent on time, which will be a key tool in avoiding arrears from direct payment.
Though New Roc also bought the leases of the remaining mall tenants and the approval process took longer than for a renovation, the project now "will attract higher quality tenants and higher rents," added Robert M. Greene, another managing partner.
"Now, by securing high quality tenants in the tech and education sectors, we will be providing thousands of jobs - and we remain firmly on track to deliver a meaningful physical and social legacy for Londoners".
I have twice as much retail property for sale as six months ago, with higher-quality tenants, better locations and more aggressive sellers..
For cities looking to attract high quality tenants, net zero developments are a draw because they are better for occupants and the environment, offering improved performance, cleaner air, and more resilient communities.
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