{"id":1004103922,"date":"2014-09-17T14:05:31","date_gmt":"2014-09-17T22:05:31","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=291897"},"modified":"2020-04-08T08:52:32","modified_gmt":"2020-04-08T16:52:32","slug":"adler-group-taps-jll-to-lease-norfolks-interstate-corporate-center","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/adler-group-taps-jll-to-lease-norfolks-interstate-corporate-center\/","title":{"rendered":"Adler Group Taps JLL to Lease Norfolk\u2019s Interstate Corporate Center"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/09\/interstatecorporatecenter1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-291901\" title=\"interstatecorporatecenter1\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/09\/interstatecorporatecenter1.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/a>Norfolk\u2019s Interstate Corporate Center is looking for new tenants. Miami-based Adler Group, the owner of the property, has recently selected JLL\u2019s Hampton Roads team to lease the 17-building office park.<\/p>\n<p style=\"text-align: justify;\">Located at the intersection of I-64 and I-264, Interstate Corporate Center\u00a0offers 475,000 square feet of office space. Amenities include ample parking, on-site management and maintenance a cafe and conference rooms. According to Adler Group\u2019s <a href=\"https:\/\/interstatecenter.adlergroup.com\/\" target=\"_blank\" rel=\"nofollow\"><em>website<\/em><\/a>, about 107,000 square feet of space is available, with rents between $17.50 and $19 per square foot.<\/p>\n<p style=\"text-align: justify;\">The JLL team in charge of the assignment includes Senior Vice President Deborah Stearns and Associate Landon Hinton. They will be working together with Managing Director Mark Levy, who oversees the Adler Group portfolio throughout the Southeast United States.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/09\/354a.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-291902\" title=\"354a\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/09\/354a.jpg\" alt=\"\" width=\"170\" height=\"300\" \/><\/a>&#8220;The transitioning of a couple of tenants has created new opportunities in this park, which has enjoyed high occupancy since its delivery,&#8221; Stearns said in a statement. &#8220;We are excited about this opportunity and feel the improving economy will drive new demand.&#8221; JLL is also representing Adler Group in several other markets, including Tampa, Fla., Northern Virginia, Richmond and Ohio.<\/p>\n<p style=\"text-align: justify;\">CBRE reports that, with another 7,822 square feet of positive absorption during the second quarter, the Norfolk office market has now experienced positive net absorption for nine of the past ten quarters. The area\u2019s office vacancy remained at 15.2 percent from the first to second quarters because most of the roughly 10,000 square feet of positive absorption was offset by a nearly equal volume of space returned to the market. Meanwhile, asking rents increased $.02 per square foot to $17.07 at the end of the second quarter. This marks the first quarter-over-quarter increase in nearly a year.<\/p>\n<address style=\"text-align: justify;\"><em>Photo credits: <\/em><a href=\"https:\/\/www.adlergroup.com\/\" target=\"_blank\" rel=\"nofollow\"><em>The Adler Group<\/em><\/a><\/address>\n<address style=\"text-align: justify;\"><em>Charts courtesy of <a href=\"https:\/\/www.cbre.us\" target=\"_blank\" rel=\"nofollow\">CBRE<\/a>.<\/em><\/address>\n","protected":false},"excerpt":{"rendered":"<p>Norfolk&rsquo;s massive, 17-building Interstate Corporate Center is looking for new tenants. Miami-based Adler Group, the owner of the property, has recently selected Jones Lang LaSalle&rsquo;s Hampton Roads to lease the campus-style office park.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36153],"tags":[],"class_list":["post-1004103922","post","type-post","status-publish","format-standard","hentry","category-richmond-hampton-roads"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adler Group Taps JLL to Lease Norfolk\u2019s Interstate Corporate Center - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/adler-group-taps-jll-to-lease-norfolks-interstate-corporate-center\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adler Group Taps JLL to Lease Norfolk\u2019s Interstate Corporate Center\" \/>\n<meta property=\"og:description\" content=\"Norfolk&rsquo;s massive, 17-building Interstate Corporate Center is looking for new tenants. Miami-based Adler Group, the owner of the property, has recently selected Jones Lang LaSalle&rsquo;s Hampton Roads to lease the campus-style office park.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/adler-group-taps-jll-to-lease-norfolks-interstate-corporate-center\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-17T22:05:31+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T16:52:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/09\/interstatecorporatecenter1.jpg\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-group-taps-jll-to-lease-norfolks-interstate-corporate-center\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-group-taps-jll-to-lease-norfolks-interstate-corporate-center\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Adler Group Taps JLL to Lease Norfolk\u2019s Interstate Corporate Center\",\"datePublished\":\"2014-09-17T22:05:31+00:00\",\"dateModified\":\"2020-04-08T16:52:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-group-taps-jll-to-lease-norfolks-interstate-corporate-center\\\/\"},\"wordCount\":299,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-group-taps-jll-to-lease-norfolks-interstate-corporate-center\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/interstatecorporatecenter1.jpg\",\"articleSection\":[\"Richmond\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-group-taps-jll-to-lease-norfolks-interstate-corporate-center\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-group-taps-jll-to-lease-norfolks-interstate-corporate-center\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/adler-group-taps-jll-to-lease-norfolks-interstate-corporate-center\\\/\",\"name\":\"Adler Group Taps JLL to Lease Norfolk\u2019s Interstate Corporate Center - 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