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Stock impact report

Major Tenant Occupies Presidio Property Trust North Dakota Property [Yahoo! Finance]

Presidio Property Trust, Inc. - Class A (SQFT) 
Company Research Source: Yahoo! Finance
managed, diversified real estate investment trust ("REIT"), has announced that KLJ Engineering LLC, which previously signed a long-term lease agreement to occupy 33,296 square feet at its Grand Pacific Center office building in Bismarck, North Dakota, commenced occupancy in December, 2023. This lease results in the addition of $536,080 in annualized base rent effective March 1 st "We are pleased to have successfully navigated a lengthy and complex building improvement project to facilitate KLJ's occupancy at Grand Pacific Center," said Jack Heilbron, President and Chief Executive Officer of Presidio. "We expect KLJ's occupancy to create additional synergies at the property, as well as drive traffic to Downtown Bismarck businesses. Considering the challenges posed by Covid and the highest rate of monetary tightening in over 40 years, we're proud of this accomplishment" "Due to KLJ's move-in as well as other leasing activity, we are pleased that Grand Pacific Center is 89% leased, w Show less Read more
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