Hertz Reservation Center (10401 N Penn)

[kevok]

Curious to hear what's going on with the building. Drove by this week and there's construction fence around the whole property and a bunch of Lippert trailers in the parking lot. Searched but didn't come up with anything.

[Pete]

Love's owns it now (their new HQ is directly north) and is renovating it for their use.

[Pete]

https://www.loves.com/en/news/2016/a...hertz-buidling

[Dob Hooligan]

Buddy of mine worked for Hertz and was familiar with the building and the deal. Said the basement is full of computer stuff, and moving it was going to be a huge time and $ investment. Love's bought it and gave Hertz a series of one year leases. Each year had a $ multiplier and the multiplier after year 3 was so large that it would force Hertz to be cleared out. Appears it worked.

[Pete]

Love's paid $8.5M for that property which seems like a ton of money for what they got.

[TheTravellers]

Buddy of mine worked for Hertz and was familiar with the building and the deal. Said the basement is full of computer stuff, and moving it was going to be a huge time and $ investment. Love's bought it and gave Hertz a series of one year leases. Each year had a $ multiplier and the multiplier after year 3 was so large that it would force Hertz to be cleared out. Appears it worked.

I worked for Hertz from 2009-2013, it was their disaster recovery site, had basically a somewhat smaller (but still huge) set of servers/network gear than their main data center at the MacArthur/NW Expressway location. Need to ask my friend that used to work there until last week (moved to Paycom) where their new DR site is.