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Results at a Glance

50%

Annual Reduction In Electricity Costs (2014 vs. 2025)

13% ($374K)

Reduction in Operating Expenses From 2017 vs. 2025

$4.4M

Increased Building Value at 8.5% Cap Rate

Improved

Tenant Experience

$16.2M

In Capital and Tenant Improvements Completed

Client Objective

Ownership sought to reposition a legacy Class A office building by modernizing critical systems, improving the tenant experience, and supporting leasing and tenant retention—all while controlling capital expenditures and maintaining uninterrupted operations.

Our Solution

Charles Dunn Company developed and executed a phased capital improvement program integrating property management, construction management and leasing. Improvements were prioritized based on operational need, projected return, tenant impact, and leasing value. Construction sequencing and cash-flow management allowed ownership to advance the program while minimizing tenant disruption and significant capital calls.

Key Initiatives

Modernized elevators and escalators
Replaced HVAC chillers and boilers
Renovated common areas and upgraded to LED lighting
Coordinated construction to minimize tenant disruption

Investment Impact

Charles Dunn’s phased modernization reduced electricity costs by 50% and natural gas use by 20% while maintaining uninterrupted building operations. The program improved the tenant environment, supported leasing and retention, and strengthened the asset’s competitive position without requiring significant one-time capital calls.