Colliers International has arranged multiple lease transactions for Laidley Tower, a 214,360-square-foot, 18-story office tower at 500 Lee Street that serves as the financial, investment banking, and commodities brokerage center for the Charleston, West Virginia metropolitan area. The new leases and lease renewals were arranged by the Colliers Asset Resolution Team, together with Colliers brokerage and property management professionals, prior to the property’s transition from receivership to a Real-Estate Owned (REO) asset.

Maintaining Laidley Tower’s status as a preeminent business address, major tenants include Jackson Kelly; Merrill Lynch, Pierce, Fenner & Smith; Wells Fargo Advisors; and Colliers International, whose flagship home in West Virginia is Laidley Tower.

“This was a unique multi-tiered effort in which Colliers International was named receiver and assigned to stabilize and revive this West Virginia business landmark. Following its acquisition as an REO property, the new owner plans to invest in significant capital improvements that will further enhance its desirability as the state’s most prestigious office address,” said Senior Vice President John Lesinski of Colliers International’s Northern Virginia office.

In addition to major tenants that include Colliers International, Jackson Kelly will continue as the building’s largest tenant with a lease renewal for 61,585 square feet; Merrill Lynch Pierce Fenner & Smith, Incorporated renewed a lease for 8,866 square feet; Wells Fargo Advisors, LLC renewed an entire floor of 12,443 square feet; Appalachian Power Company signed a new lease for a full floor of 12,317 square feet; Cipriani & Werner PC occupies 8,159 square feet, and CDM Smith, Inc. has taken into 3,087 square feet.

At 18 stories, Laidley Tower is West Virginia’s tallest Class A office tower. Amenities include an elegant atrium lobby accented by black granite, five high-speed elevators with three exterior units offering views of beautiful downtown Charleston, a 456-space parking facility with a skywalk entrance to the tower, on-site ATM and drive-through banking facilities, on-site property management, and convenient street-level loading facilities with an additional 80 surface parking spaces.

In the heart of downtown Charleston's Central Business District (CBD), Laidley Tower is directly across from the Charleston Towne Center, West Virginia's largest shopping mall boasting more than one million square feet of retail shopping and dining. Laidley Tower is one block from the Charleston Transit Center and two blocks from the Robert C. Byrd Federal Courthouse, Kanawha County Courthouse, and Charleston City Hall. The adjacent Embassy Suites Charleston, CBD's newest and most modern hotel, and the nearby Charleston Marriott offer convenient lodging for out-of-town business colleagues and quality facilities for corporate events. Saint Francis Hospital, one of the country’s top-ranked medium hospitals, is also adjacent to Laidley Tower

Colliers Asset Resolution Team (CART), a distressed asset service model, was formed in 2008 to coordinate Colliers International’s efforts to identify and reach key players among banks and special servicers. CART’s fully integrated platform coordinates the expertise and resources of more than 100 Colliers offices in North America to respond to profound changes and challenges in the commercial real estate marketplace.

Rich Madison, Steve Smith, Dave Peterson, Ben Luke, and Andrew Santee also collaborated in the transactions.

For more information, visit www.Colliers.com.

About Colliers International Group Inc.

Colliers International Group Inc.(NASDAQ: CIGI; TSX: CIG) is a global leader in commercial real estate services with more than 16,300 professionals operating from 502 offices in 67 countries. With an enterprising culture and significant insider ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include brokerage, global corporate solutions, investment sales and capital markets, project management and workplace solutions, property and asset management, consulting, valuation and appraisal services, and customized research and thought leadership. Colliers International has been ranked among the top 100 outsourcing firms by the International Association of Outsourcing Professionals’ Global Outsourcing for 10 consecutive years, more than any other real estate services firm.

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