September 17, 2014 MeissnerJacquet

commercial property management companies

Property Name: Bristol Square
Case Study: Property Management
Property Location: 185 West F Street, San Diego, CA 92101
Property Description: Office, 60,749 total square feet

 

Client Requirements

In 2013, Meissner Jacquét Commercial Real Estate Services took over the commercial property management and leasing oversight of Bristol Square, a 7-story office building located in the metro market of San Diego and Downtown submarket. Due to ownership’s out-of-state location, owner communication, tenant retention and leasing oversight are paramount to ensure ownership’s business plans and property objectives are achieved, including maintaining high occupancy levels, tenant satisfaction, operational excellence, and maximizing operating income.

Process

Meissner Jacquét Commercial Real Estate Service works closely with the building’s largest tenant, the U.S. General Services Administration (GSA), to ensure tenant improvements are completed on time, within budget, and adherence to high security specifications are maintained. Due to the nature of the leases, improvements are closely monitored to ensure the most cost-efficient measures are in place, as all utility expenses are ownerships’. Completed and proposed upgrades to the building include a common area lighting retrofit, a tenant improvement to modernize and reconfigure underutilized space, new exterior paint, and a parking garage lighting retrofit. Meissner Jacquét ensures proactive response to all tenant needs in order to create a long-term, stable environment in which Bristol Square’s tenants can conduct their business. Tenant satisfaction is paramount, which is why effective leasing agent coordination is a high priority. Meissner Jacquét’s interface with the listing agent and brokerage community is always prompt and professional.

Result

Since 2013, Meissner Jacquét Commercial Real Estate Services has consistently maintained a 95% occupancy rate by ensuring superior tenant retention through hands-on tenant relations. Meissner Jacquét continues to provide professional real estate services to this excellent office asset.

Source
Meissner Jacquet Commercial Real Estate Services