One and Two Liberty Square will be getting a $4 million makeover with the recent purchase of the two buildings by New York-based Highbrook Investment Management.
The properties, located at 55 and 75 Beattie Place, will receive capital improvements that include lobby renovations and elevator cab modernizations. In addition, common areas and tenant amenities will be added, such as bike racks and outdoor green space with seating and Wi-Fi between One Liberty Square and the parking garage. HighBrook retained LS3P and Seamon Whiteside for all renovations.
“HighBrook has already differentiated itself as a hands-on, long-term owner who recognizes the value in proactively investing in the properties with capital enhancements,” stated Stephanie Folger, senior real estate manager for CBRE | The Furman Co.
CBRE | The Furman Co is the exclusive leasing and management agent of the Class A office towers. Leasing efforts have successfully attracted a new amenity to the property, JACs Restaurant.
“CBRE | The Furman Co., already entrenched in the property, was best positioned to foster positive tenant and community relationships. Given the uncertainty surrounding the asset over the last couple years, we knew it was essential to align ourselves with a firm that understands the value of a strong owner-tenant relationship,” noted Ed Gargiulo, HighBrook’s vice president of asset management.
