{"id":1004384117,"date":"2020-01-21T03:59:19","date_gmt":"2020-01-21T11:59:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004384117"},"modified":"2020-01-21T03:59:19","modified_gmt":"2020-01-21T11:59:19","slug":"lasalle-acquires-frankfurt-office-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lasalle-acquires-frankfurt-office-building\/","title":{"rendered":"LaSalle Acquires Frankfurt Office Building"},"content":{"rendered":"
\"Morrow.<\/a>

Morrow. Image via Google Street View<\/em><\/p><\/div>\n

LaSalle Investment Management has acquired Morrow, an office building in Frankfurt, Germany, on behalf of its LaSalle E-REGI fund. A joint venture of Art-Invest Real Estate and Red Square sold the property and CBRE brokered the deal, which will close in July, when renovations at the building are set to be completed. <\/p>\n

Located at Oberlindau 54-56, in Frankfurt\u2019s Westend, the roughly 75,300-square-foot building is within walking distance of three subway stations. The property is also 1 mile from the city’s central train station and 8 miles from Frankfurt International Airport. DGNB, the German Sustainable Building Council, recognized Morrow as being developed to the highest possible sustainability standards, which is why the 11-story building is set to receive a DGNB Platinum certificate and a WiredScore certificate. The office asset has six terraces. Tenants include McDermott and Anderson Tax & Legal.<\/p>\n

Andreas Wesner, LaSalle head of acquisitions for Germany, considers Frankfurt one of the most stable office markets in Europe, despite a reduced investment volume<\/a> in most of the region’s countries. In a prepared statement, Warner said Germany will continue to garner strong investor attention, particularly after Brexit.  <\/p>\n

Linklaters advised LaSalle on the legal aspects of the transaction, while W+S Real Estate assisted the company with technical advice. GSK Stockmann worked on behalf of the sellers. <\/p>\n","protected":false},"excerpt":{"rendered":"

The deal will officially close in July, upon completion of the renovation process currently underway at the 11-story asset. <\/p>\n","protected":false},"author":868,"featured_media":1004384222,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,16,21742,21747],"tags":[32789,33722,48491,34732],"class_list":["post-1004384117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-international","category-latest","category-office","tag-cbre","tag-lasalle-investment-management","tag-linklaters","tag-wiredscore"],"acf":[],"yoast_head":"\nLaSalle Acquires Frankfurt Office Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lasalle-acquires-frankfurt-office-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LaSalle Acquires Frankfurt Office Building\" \/>\n<meta property=\"og:description\" content=\"The deal will officially close in July, upon completion of the renovation process currently underway at the 11-story asset.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lasalle-acquires-frankfurt-office-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-21T11:59:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/01\/Morrow-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1203\" \/>\n\t<meta property=\"og:image:height\" content=\"903\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sergiu Inizian\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/lasalle-acquires-frankfurt-office-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/lasalle-acquires-frankfurt-office-building\/\",\"name\":\"LaSalle Acquires Frankfurt Office Building - 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