Grand Pacific Center

Bismarck, ND
Date Acquired: March, 2014
SF: 93,000

Grand Pacific Center is a six-story office building located in Downtown Bismarck. Based on the region’s strong economic drivers and Presdio Property’s prior success repositioning Dakota Center in Fargo, this property was acquired with the intent to perform a similar common area renovation, which is expected to result in higher market rents and solidify Grand Pacific Center as the foremost office building in the submarket. Presidio Protery also increased potential cashflow by structuring new leases to require the tenants to pay a portion of operating expense increases.