Description

Jones Lang LaSalle Americas, Inc. (“JLL”) has been retained as the exclusive sales representative for One West Fourth (“the property”, “the offering”, "the building”). One West Fourth is a thirteen-story office building totaling 434,915 square feet and situated on approximately 2.3 acres in the heart of Downtown Winston-Salem. The building is currently 73% leased, is anchored by Inmar, Womble Bond Dickenson, and CBX Solutions and has signed over 50K SF of leasing over the past 24 months. The asset presents prospective investors with a compelling opportunity to harvest future value-add lease up with in-place rents 10% below market coupled with stability from the strong in-place tenancy and attractive remaining weighted average lease term of 6.6 years.

Located within the greater Triad region, One West Fourth Street benefits from the region’s diverse, thriving economy, bolstered by a 3.6% unemployment rate, burgeoning health care and STEM sectors, and a highly educated work force. Winston-Salem is home to Wake Forest University as well as a short distance to two of the state’s network of private Universities – High- Point University and Elon University.

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