Briar Place is a multi-story office building located in the commercial district of St. Clair and is considered an A class property. The construction of this property was completed in 2005. The leasehold land is secured by three leases, all expiring in 2083. Briar Place’s major anchor tenants have been at the location between four and nine years and their average lease term ranges between six and twelve years with rent escalations of approximately 6% to 10% every three years.
This multi-tenanted building has basement and sub-basement parking for approximately 200 vehicles which bears a significant competitive advantage in Port of Spain.