U.S. Army Corps of Engineers
Vicksburg, MS
Unstated
Unstated
Unstated
100%
199,257 SQ FT
Office
1996
17.17 Acres
Sold
HIGHLY COMPETITIVE OFFER PROCESS
Generated multiple offers and conducted best/final offer round
ACHIEVED AGGRESSIVE PRICING
Sold to institutional investor
SINGLE-TENANT FEDERAL GOVERNMENT OFFICE
100% leased to the U.S. Federal Government
Aaa CREDIT TENANCY
Lease guaranteed by United States of America
MISSION-CRITICAL FACILITY
Responsible for 68,000 square miles encompassing seven major river basins in th ree states
NEW LONG-TERM LEASE
Long-term location for U.S. Army Corps with ongoing commitment demonstrated via recent lease renewal
Approximately one year before the disposition assignment, GRE Group collaborated with the ownership of the USACE District Office in Vicksburg during the lease renewal process to position the property for maximum value at the time of sale. Following renewal, a comprehensive marketing campaign was conducted, creating a competitive bidding environment with a best and final offer round that pushed pricing above internal benchmarks and exceeded seller expectations.
