Class A | Regions Plaza | Abundant Amenities 210 E Capitol St

CBRE is pleased to offer qualified investors the opportunity to acquire Regions Plaza, a 346,159-square-foot, Class A office tower and a nine-story, 632-space parking garage strategically positioned within the Central Business District of Jackson, Mississippi. At 22 stories, Regions Plaza is a prominent feature of the Jackson skyline and offers stunning 360-degree views of the city from its premier office address. With an abundance of on-site and walkable amenities, 201 E Capitol Street is an attractive option for an array of office users and is anchored by Regions Bank, the national law firm Forman Watkins, LLP (headquarters), and Baptist Memorial Health Care. Additionally, Regions Plaza is home to approximately 40,000 rentable square footage of General Service Administration (GSA) tenancy.

As home to the Mississippi State Capitol and numerous state agencies, the Jackson CBD maintains a vibrant cultural, entertainment, and restaurant scene that is further supported by high-end urban residential and hospitality. Developments within walking distance of Regions Plaza include the 203-room Westin Hotel constructed in 2017, the Lamar Life Lofts, a luxury apartment conversion completed in 2019, and the recently completed 48-unit Capital Towers Lofts. Established by the Mississippi Legislature to fund infrastructure improvements, the Capitol Complex Improvement District (CCID) encompasses the majority of state-owned and leased properties in the city and includes Regions Plaza. Since 2021, the CCID has funded and completed $13 million of infrastructure improvements with another $52 million planned through 2028. Additionally, the property has been institutionally maintained by current ownership with a new roof, elevator modernization, and wet seal of its exterior completed within the past eight years.

Currently 62% leased with a roster of credit tenancy, Regions Plaza is an iconic address generating a stable baseline cash flow. The property is offered at a substantial discount to replacement cost which provides investors an attractive basis to support lease rates that are 50% less than the property’s suburban competition. Leveraging this substantial value proposition through a strategic leasing program presents an achievable upside opportunity for investors. Over a five-year hold period, 201 E Capitol Street has the potential to double its net operating income.

Property tours are available by appointment only. Please contact the broker to schedule.