JLL
Invesco Inks 6 Leases at Premier Office Building in Boston
The transactions totaled 70,000 square feet of new leases and expansions signed by tech, energy, media, logistics and mechanical firms. The 220,311-square-foot property was recently renovated and holds several building certifications.
What’s Next for Emerging Tech Hubs?
Tech companies seeking new office locations should look for “hidden gems”—markets of opportunity with lower costs and a large talent pool, according to JLL’s latest report.
Non-Traded REITs: Go Mainstream or Die
Fundraising for the sector fell in 2016 due to the combination of impending regulatory changes and lackluster performance, notes Yardi Matrix Associate Director of Research Paul Fiorilla. The sector must continue to lower fees and improve liquidity to attract new investors.
Texas Shopping Center Lands $13M Refi
JLL secured the loan for Forum at Soncy, a 64,914-square-foot, Class A retail center in Amarillo. The retail asset is currently 93 percent leased.
Phoenix Offices Trade for $82M
JLL worked on behalf of TR Camelback Corp. to secure the sale of two office buildings in the heart of the Camelback Corridor. Goldman Sachs’s subsidiary Archon Acquisition purchased both properties.
South Denver Office Campus Lands $66M Refi
JLL’s Capital Markets negotiated a $66 million loan for the refinancing of a 413,518-square-foot asset in Greenwood Village, Colo. The 10-year term loan features a 4.6 percent fixed interest rate and has a 30-year amortization schedule.
CBRE Leases Entire San Leandro Industrial Development
Wayfair and CEVA Freight have inked leases for the 163,000-square-foot property before its completion, as CBRE research points to a high demand for 32-foot clear height and ESFR sprinkler systems.
EastGroup Plans 850 KSF Industrial Park in Florida
Later this year, the REIT will begin construction on Gateway Commerce Park, an 850,000-square-foot campus on a 61-acre site in the tight metro Miami market.
Law Firm to Relocate to Downtown Phoenix
Cantor Law Group is moving to Renaissance Square. JLL negotiated the 24,233-square-foot lease on behalf of the tenant, while Lee & Associates represented the owners.
JLL to Oversee Renovation at Nashville-Area Office Asset
JLL will oversee planning, design and construction services for the renovation of MAPCO Express Inc.’s headquarters, located within the Corporate Center office park.