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South Bend Redevelopment Commission <br />Regular Meeting - December 19, 1997 <br />6. NEW BUSINESS (CONT.) <br />r. continued.... <br />typically do not have load bearing walls on <br />the interior, they allow free -span space <br />within the building. <br />Mrs. Kolata quoted the definition of Class <br />A, B and C office building from the <br />Building Owners and Managers <br />Association International publication. <br />"Class A office buildings are the most <br />prestigious buildings competing for <br />premier office users with rents above <br />average for the areas. The buildings have <br />high quality standards, finishes, state -of- <br />the -art systems, exceptional accessibility <br />and a definite market presence." <br />"Class B is buildings competing for a wide <br />range of users with rents in the average <br />range for the area. The building finishes <br />are fairly good for the area and systems are <br />adequate but the buildings do not compete <br />with Class A at the same price." <br />"Class C is buildings competing for <br />tenants requiring functional space at rents <br />below the average for the area." <br />From calling around to realtors in the area, <br />a Class A building has structural steel <br />columns and beams fireproofed with <br />masonry, concrete, plaster or other non- <br />combustible material. However, this <br />definition is highly flexible with each <br />market setting its own parameters. <br />Visibility and image are often used as the <br />measure of a building's caliber but <br />F:\ HOME \CPHWPS \WPDATA \COMMSN\121997.MIN -51- <br />