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for and investment, new tenants incentives that prioritize to lease expected drive lease cash average retain current building extend enable we Beyond our spend allowances to existing and us flows. and and future continue weighted attract portfolio's maintain term sustained and to capital improvement to
not We spend capital a provide to ascertaining strategy. decisions significant our time. the which long-term that that capital align the greatest by stabilize is of believe continue properties do guided still over the remain recycle as and amount return use will with allocation of time to and We of on reposition best sale through our existing capital the portfolio and properties appropriate
quarter sale thereafter, third closed on of and the $XX price $XX.X aggregate for X shortly of or square million square gross per the XXX,XXX representing properties, sales During vacant an we feet foot.
agreements We for X square additional sell representing properties approximately XXX,XXX $XX million. feet to also have
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to sometime targeting We are sale close now in mid-XXXX. this
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to we Leasing and despite decent any activity. did quarter during be sign third not challenging, leases the continues
XX-year until we the early renewal October, in lease secured XX,XXX in term where XX, However, approximately tenants for a investment-grade run XXXX. Tennessee, lease square will feet now Memphis, December
our for America. an the office X,XXX Covington, also to into floor perspective, a Kentucky, on feet sentiment of space change over of many shared bit return the a United we to summer do the in we have a travel we seem XX-year not primarily for from new seen office retail We or lease From heard on as approximately our But much ground anecdotally, in building employees. States what leased lots markets. throughout entered fuller of square the parking
to office away norms foreseeable back for of less in there shoots, for also increase to office historical practices will not positive definitely future. Hybrid and relative continue And and work going utilization the showing We road even lower revert some space office a to traction. tenants at our green seeing summer. likely utilization it while interest return the these footage we seeking properties. square result the not conversations sentiment in will is step to leases, long convert market that gains is do a demand on forward an are as Despite into are think office new to over renewal
several our Tenant our with square renew approximately retenanted. retention they we intend larger million provided filing, have roll we've X.X impact our be properties not in to of priority. which remains of highest and feet significant until as in supplemental have But lease indicated tenants will revenues publicly those us, do can XXXX do
have discussion various negotiation renewals be for square From of new continue some leases X.X of the feet, of our including where leasing however, we and properties stages roll lease pipeline perspective, year. over next at million to in we and
our corporate converting leases remains uncertain decision-making a can interest be While is and encouraging, into process. signed slow slow pipeline and
the tenants' volatile needs on timing portfolio, remain quarter-over-quarter our timing will size retention leases and the Given decisions. of depending of the and of
space we of to challenges shareholders. are intact: grow which assets. sustained and intend our towards for dispose fully foundation to portfolio and core lease few portfolio, to strategy create We building continue our years overcoming noncore know value the from retain produce Our more and reposition we our take solid we'll a cash to but remains vacant a progress tenants, flows
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