An architectural and engineering company and a call center is approved to move into what used to be the Strouss' Department Store.(from the Business Journal)
"A five-year lease for space begins at $2.25 per square foot the first year and rises incrementally each year to a maximum of $5 per square-foot. An additional $1.75 per square foot is assessed for common area maintenance.
The formula has worked, Woodberry stated. Since the city acquired the building three years ago -- then, mostly vacant -- 20 Federal Place has leased 85% of its space."