JLL
Redeveloping Malls: An $8B Trend
A recent study by JLL shows that mall owners are investing billions in renovating their assets to meet the needs of the modern consumer. While these projects come with risks, the report makes a case for their rewards.
Principal Life Insurance Renews Fort Worth Lease
Principal Life Insurance Co. has renewed its 17,000-square-foot lease at One Rigmar Centre in Fort Worth, Texas. JLL negotiated the lease renewal on behalf of the tenant, while Navstar Commercial represented the landlord.
Matan Buys 10-Acre NoVa Industrial Site
Dulles North Industrial Park will comprise of two warehouse buildings totaling 293,000 square feet. The site is currently the northern-most industrial project in the Dulles Corridor.
Incipio Group to Open Global HQ in OC
The designer and manufacturer of mobile device accessories signed a 70,000-square-foot office lease in Irvine, Calif. JLL negotiated the lease on behalf of the tenant, while Cushman & Wakefield represented the landlord, LBA Realty.
NAR, JLL Keen on 2018
Sharing their thoughts at the 2017 Realtors Conference & Expo, economists from the National Association of Realtors and JLL expressed confidence in the 2018 commercial real estate market.
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.
JLL Arranges Sale of Office Asset in Houston
Under its new ownership, Pinehollow Office Park will undergo a capital improvement program that will add retail space to the Class B development.
Life Science Firms Buy NJ Industrial Assets
In separate deals brokered by Cushman & Wakefield, two pharmaceutical companies acquired industrial buildings in Piscataway and Somerset, N.J., fueling the life science industry’s growth within the Interstate 287 corridor.
Aegis Therapies to Relocate to Far North Dallas
The rehabilitation and wellness service company leased nearly 7,000 square feet of office space in Frisco, Texas. The firm is set to move its corporate headquarters from Plano.
QTS to Expand NoVa Footprint With Two New Facilities
The company plans to expand into multiple U.S. growing data center markets in the near future. In addition to the new Northern Virginia campus, it has also purchased land parcels in Hillsboro, Ore., and Phoenix.