Downtown Jackson will gain up to 90 new office workers with the expected move of the Mississippi Secretary of State’s annex office to the 20-story Capital Towers, 125 South Congress Street.
The state was expected to sign a lease Wednesday for approximately 31,000 square feet on the 16th and 17th floors and a portion of the first floor. The move comes as the state’s lease of the current annex home at 700 North Street expires this month. The state’s Department of Finance & Administration said the annex operation will remain at the North Street building on a monthly lease until Capital Towers property manager The Mattiace Co. readies the new space.
The office space should be ready by April, according to Jamie Chustz, Mattiace Co. senior vice president and COO.
“We will be doing significant renovations on 16 and 17 including new partitions,” Chustz said. The work includes raised ceilings, new flooring, wall-covering, paint and finishes, new common areas and restroom finishes and new building lobby finishes, he added.
After new owners acquired the 42-year-old Class A building in 2000, the lobby and common areas underwent extensive renovations, with the exception of the 14th floor. The building is currently undergoing a lighting retrofit that includes energy efficient LED lights throughout the garage, Chustz said.
With its new tenants, Capital Towers will become approximately 85 percent occupied. The Secretary of State’s office will join the Neel-Schaffer engineering firm, which occupies the 10th and 11th floors, as the building’s largest tenants.
The building has 200,116 square feet with a lease rate of $17.95 a square-foot, according to LoopNet, a national commercial real estate data and research website.
Capital Towers won out in a building selection process that the Mississippi Department of Finance & Administration narrowed from five candidate buildings to the Congress Street building and Regions Building, owned and managed by the Hertz Investment Group.
The main office of the Secretary of State is in the Heber Ladner building at 401 Mississippi Street.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info