News
Apex Capital Investments purchased Grand2 — a 352,000-square-foot, nine-story office building in Tempe, Ariz. — from Lincoln Property Company for $187.5 million, or $534 per square foot. The building is fully leased to DoorDash, the San Francisco-based food delivery behemoth. The deal, which was...
Cushman & Wakefield represented the seller of 7000 West at Lantana. Encompassing 136,000 square feet of Class A Austin office space, the property was sold at 100% occupancy.
Key takeaways: More than 2,500 industrial buildings have been converted into office buildings, making it by far the most popular use-type to convert for office use. 90% of all office building adaptive reuses have occurred in the last 40 years. Minneapolis, Portland and Milwaukee join NYC, LA and...