Union Bank & Trust

The Situation

UBT developed a 108,000-square-foot Class A office building at Heartwood Preserve, one of Omaha’s most sought-after office locations. OMNE was retained to lease and manage the property, with approximately 70,000 square feet of office space to lease.

While initial leasing was successful—securing Nelnet on one floor and PayPal on two—Nelnet vacated during the COVID-19 pandemic. This created a large single-tenant floor plate vacancy at a time when market demand was shifting toward smaller, more flexible office footprints. The size and configuration of the space made leasing a challenge.

The Strategy

The goal was to reposition the vacancy to meet evolving tenant demand while maintaining the integrity and appeal of the building’s Class A finishes. Rather than waiting for another single large tenant, OMNE identified an opportunity to subdivide the space into a multi-tenant layout that would broaden the leasing pool and accelerate absorption.

The Result

OMNE partnered with USG Construction, a Seldin LLC brand, to reimagine the floor plate. Leveraging USG’s construction expertise and OMNE’s market insight, the team designed a layout that maximized flexibility, showcased existing high-end finishes, and minimized downtime between tenants.

This collaborative approach allowed the space to be repositioned efficiently and cost-effectively, ensuring it remained competitive in a post-COVID office market.

OMNE successfully secured two tenants leasing approximately two-thirds of the former Nelnet space. The remaining third—featuring highly desirable Class A finishes—was strategically positioned to attract a third tenant.

This outcome was made possible by the seamless integration of leasing, property management, and construction services. By understanding how tenants use space and how to execute re-tenanting efficiently, OMNE and USG Construction transformed a challenging vacancy into a leasing success.