News
Gramercy Lands $400M Syndicated Term Loan
Capital One also was the sole lead arranger, sole book runner and administrative agent. The loan has replaced a previous $175 million term loan that was closed in December 2015.
NJ General Mills Plant Trades for $5M
The 580,000-square-foot industrial asset previously served as a Progresso soup plant. It will allow F&S Produce Co. to expand and increase its production capacity.
Does Internet Quality Impact Office Leasing Decisions?
When asked about selecting workspace in the next 10 years, 92 percent of respondents to a study released by Radius Global Market Research and WiredScore mentioned connectivity as an important factor, surpassing both location (89 percent) and price (88 percent).
First Tenant at Boston’s 121 Seaport Signs for 250 KSF
Cresa Boston secured the space on behalf of tenant PTC, which will set up its new global headquarters in the 480,000-square-foot tower currently under development by Skanska US.
$1B University of Oregon Science Campus Unveiled
The project is being designed by Bora Architects and Ennead Architects. Groundbreaking on the $225 million, 160,000-square-foot first phase is scheduled for early February 2018.
Avison Young Brokers 500 KSF Chicago Industrial Deal
The portfolio consists of three buildings totaling 538,236 square feet of distribution space. They are located within the O’Hare submarket and are fully leased to Clear Lam and D&W Fine Park.
Austin Luxury Resort & Spa to Undergo $150M Renovation, Expansion
The signature feature of the project will be the addition of a new resort tower with 180 luxury guest rooms and suites flaunting floor-to-ceiling windows overlooking Hill Country.
vXchnge Acquires 100 KSF Data Center in Austin
The facility is currently doubling its capacity and upon completion, it will provide 26 megawatts of power. The property offers convenient access to the Texas Triangle.
Frisbie Group Picks Up Palm Beach Office Asset
Located on the “Rodeo Drive of Florida”, the boutique property is home to a mix of notable tenants including The Neiman Marcus Group, Branch Banking and Trust Co., UBS and Ferretti Group.
Harrison Development Buys AZ Distribution Center for $14M
Central Arizona Distribution Center has 379,972 square feet available for leasing. The property is located near the interchange of I-8 and I-10, providing easy access to several major cities.