Posts Tagged ‘John Barton’

Landmark closing pushing Central business district office vacancy to historic level

Downtown Jackson’s office vacancy rate will head toward 40 percent with the shutdown of the Landmark Center once master tenant AT&T vacates at the end of the year, says John Barton, a Parkway Properties senior vice president and senior asset manager who participated in the Parkway’s quarterly office market surveys until the company ceased doing […] [...]

House committee kills Landmark/DOR proposal

Downtown boosters were stunned last Tuesday after the House Public Properties Committee declined to act on legislation to move the Mississippi Department Revenue to downtown’s Landmark Center, thus preventing a House vote on the measure already approved by the Senate. The potential move of the DOR headquarters from Raymond into 200,000 square feet of the […] [...]

Midyear upswing eyed

Unoccupied space just up at 1.8 million square feet compared to 1.78 million square feet unoccupied in the previous quarter Metro Jackson’s office market ended the first quarter in much the same fashion as the fourth quarter, with the submarkets of Lakeland Drive and Interstate-55/County Line Road showing slight occupancy increases and the Central Business […] [...]

Finding success through life lessons, shared experiences

As I travel the state and interview successful entrepreneurs and leaders, I am noticing some interesting patterns. The character traits of perseverance and strong work ethic continue to be key themes.  Interestingly, most of my interviewees began working young doing some type of job or even having their own entrepreneurial enterprise. I think about Robert […] [...]

A BIG DEAL

by Published: April 3,2011

Tags: Duckworth Realty, John Barton, John Michael Holtmann

Regions Plaza fills 50,000 square feet in lease with state A signing of a lease by the State of Mississippi for more than 50,000 square feet in the half-empty Regions Plaza building last Friday gave downtown Jackson’s office market just the break it had wanted. The new tenants are the Mississippi State Personnel Board and […] [...]

Regions Plaza, 200 Renaissance key factors in Jackson’s occupancy deficit

Two major challenges stand in the way of bringing a balance to metro Jackson’s office market: 200 Renaissance and Regions Plaza. Filling up a greater portion of the vast empty spaces in each would stabilize rates market-wide and restore an equilibrium not seen for several years, says John Barton, senior vice president and senior asset […] [...]

Increased office vacancies fail to dim outlook for rebound

by Published: February 27,2011

Tags: John Barton, John Michael Holtmann, MBJ FEATURE

Metro Jackson’s office market enters 2011 with more empty space than filled, though the regional director of a firm that surveys the local market quarterly says tenant expansions are now more likely than contractions. “We think the contractions have stopped,” said John Barton, senior vice president and senior asset manager for Parkway Properties, a national […] [...]

Dealing on a lease becomes the art of the tug-of-war

by Published: December 5,2010

Tags: Brian Estes, John Barton, John Michael Holtmann

Tenants shuffling around in search of long-term, attractive lease deals Metro Jackson’s office tenants are tending to stay put but are seeing a lot of “value alternatives,” a term the leasing trade applies to affordable opportunities to upgrade to a better space or move to larger quarters. Those value alternatives have to come in mighty […] [...]

Slight occupancy decline, submarkets on the rise

by Published: December 5,2010

Tags: Brian Estes, John Barton, John Michael Holtmann

Combined average rate drop of 10 cents leaves Metro landlords hoping the bottom has been reached Downtown’s Central Business District and the Highland Colony submarkets kept metro Jackson from achieving positive net absorption of office space in the third quarter, though more than a quarter million square feet counted in the downtown survey is not being […] [...]

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