Business
Presidio Property Trust Achieves WiredScore Silver Certification at Shea Center II
SAN DIEGO, CA / ACCESSWIRE / August 26, 2022 / (NASDAQ:SQFT)(NASDAQ:SQFTP) Presidio Property Trust, Inc. ("Presidio" or the "Company"), an internally managed,
About this update from Presidio Property Trust, Inc.
[{"type":"text","content":"SAN DIEGO, CA / ACCESSWIRE / August 26, 2022 / (NASDAQ:SQFT)(NASDAQ:SQFTP) Presidio Property Trust, Inc. (\"Presidio\" or the \"Company\"), an internally managed, diversified real estate investment trust (\"REIT\"), today announced that its Shea Center II office building located in Highlands Ranch, Colorado, has achieved WiredScore Silver certification, an internationally-recognized rating promoting digital connectivity. Shea Center II is one of only six properties in Colorado to earn this distinction. Jack Heilbron, CEO of Presidio, said, \"We are proud to achieve WiredScore Silver at Shea Center II. This furthers our goal to be a forward-looking landlord and provide a superior experience for modern-day businesses\". Added Gary Katz, Chief Investment Officer, \"By providing such technology infrastructure as multiple fiber and communications providers, capacity for future upgrades, and streamlined access, the property has the flexibility and capacity to adapt to new technologies and protect business continuity\".Shea Center II is a 121,000 square foot, Class \"A\" office building located in the Highlands Ranch submarket of Denver, across the street from the Central Park retail center and within close proximity to C-470, UC Health Highlands Ranch Hospital, and Children's Hospital South Campus.Building features include common conference facilities, showers & lockers, and being the only multi-tenant office building in Highlands Ranch with covered parking.Leasing is handled by Mitch Bradley of CBRE. The property is managed on-site by Presidio Property Trust.About Presidio Property TrustPresidio is an internally managed, diversified REIT with holdings in model home properties which are triple-net leased to homebuilders, office, industrial, and retail properties. Presidio's model homes are leased to homebuilders located primarily in Texas and Florida. Our office, industrial and retail properties are located primarily in Colorado, with properties also located in Maryland, North Dakota, Texas, and Southern California. While geographical clustering of real estate enables us to reduce our operating costs through economies of scale by servicing a number of properties with less staff, it makes us susceptible to changing market conditions in these discrete geographic areas, including those that have developed as a result of COVID-19. Presidi...