Southend Worx 1

Southend Worx 1 is a 64,555 square feet class B flex/office property. The property is strategically located adjacent to the rapidly growing south-end submarket. The submarket is growing very quickly, vacant across competitive properties is declining, rents are rising and with infill flex/light assembly to quasi retail/showroom space garnering higher rents.

Insite acquired the property at 84% occupancy in December 2020. Insite’s business plan is to rebrand and reposition the asset through a capital upgrade plan and reset the lower than market property rents to market upon lease expiration and converting the remaining gross leases to NNN.