Deals
Coworking to Overtake Tech as Office Leasing Driver
The flexible office sector generated 10.1 million square feet of activity in the first half of 2019, while providers like CommonGrounds, Spaces and WeWork continue bold expansion programs, JLL reports.
Welltower Adds to MOB Growth Spurt
The company has agreed to pay $140 million to buy a 270,000-square-foot complex in Berkeley Heights, N.J., from its tenant, which will continue its occupancy under a new 20-year lease.
Lincoln Equities Inks Flurry of Leases in New Jersey
Morgan Stanley was among the firms signing deals at three office complexes the company owns in Morristown.
Bain Capital Sells $405M Life Sciences Portfolio
The deal is the third in a string of life sciences dispositions the company has closed this year, following sales of properties in San Diego and Boston.
KKR Buys Atlanta Tower in $205M Deal
The global investment firm acquired the controlling interest in the office building from Banyan Street Capital, which has owned the property since 2016.
Metro Miami Office Tower Sells for $19M
The Capstone Group acquired the 11-story, Class A building in West Palm Beach, Fla. Cushman & Wakefield assisted the seller and procured the financing for the buyer.
WS Development Lands 580 KSF Tenant at Boston Seaport Project
The deal marks the city’s largest life sciences lease in almost a decade, with Foundation Medicine set to occupy the building’s entire lab and office section.
Harwood Boosts Dallas Mixed-Use District With Office Acquisition
The purchase of Citymark, in a joint venture with partner Waterfall Asset Management, brings Harwood International’s master-planned neighborhood in Uptown to 19 contiguous city blocks.
Suburban Seattle Office Campus Trades for $55M
Working on behalf of TA Realty, NKF arranged the sale of the 154,800-square-foot Corporate Campus East III in Bellevue.
WeWork Secures 3rd Maryland Location
The coworking company pre-leased 60,000 square feet at an upcoming development in Bethesda, which is slated for completion next summer.