Today, Carrow Real Estate Services announced their plan to rehab the $1.95 million commercial property at 4 Central Avenue in hopes of securing new tenants for the building. Carrow took over ownership of the four-story building in the spring, and is currently looking for tenants to occupy 40,000 square feet of vacant space, said Rudy Lynch, Carrow Leasing and Sales Consultant. The building has four existing tenants that are renegotiating their leases with plans to stay on, he said.
Ideally, Carrow would secure one large office tenant for the space, Lynch said.
Carrow will embark on a complete gut and rehab inside, much like the nearby 855 Central project, Lynch said. "Hopefully, we can clean that up," he said. Carrow is currently soliciting bids for interior demolition.
4 Central is a beautiful old building with lots of character that you can't find in newer construction, Lynch said. The fourth floor features exposed beams, an open floor plan, and great views. Crews will restore the historic building, preserving its best features, and cleaning up some of the spots that have begun to show wear.
For additional information about the property, please contact Rudy Lynch, 518-462.7491.
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