CBRE, Inc. has announced new leases for a law firm and title company at Courthouse Square in downtown Wilmington, previously known as the Alico building.
Click here for a previously BusinessDaily story on the building.
K&L Gates LLP, one of the largest law firms in the world, has signed a lease for the ninth floor. Old Republic Title has leased space on the ground floor. CBRE’s John Kaczowka represented Courthouse Square in both transactions. Square footage leased in the transactions was not disclosed.
The leases also indicate the building that is getting a $10 million makeover is targeting clients that like a location near government offices.
“The renovations undertaken in Courthouse Square are creating an elegant and modern space that has immediately begun attracting major clients,” said Kaczowka, senior vice president with CBRE’s Wilmington office. “The location proximate to the Courthouse and the U.S. Bankruptcy Court is ideal for a law firm like K&L Gates, and with the Double Tree Hotel next door this space will continue to attract clients across all fields of business.”
AIG and its parent Met Life, Courthouse Square’s owner, invested $10 million in renovations, which are expected to be completed in the fall in an effort to draw tenants to the building that has long housed life insurance operations.
Included in the project are: a new lobby, which includes a two-story glass atrium that will be added to the front of the building; all new elevators and elevator components; complete HVAC overhaul; exterior façade upgrades; new landscaping and additional outdoor seating; a new conference center on the top floor of the building; and a new fitness center on the ground floor.
In addition to its location near the New Castle County Courthouse and other government offices, the building is also near parking structures, a key factor for companies operating in downtown.
