Here are the most popular news headlines this past week on CRE-sources.
Butters Realty & Management office team of Caroline Fleischer, Darcie Lunsford and Sky Butters represented the law firm in the lease transaction.
The new, two-building logistics facility totals 317,499 square feet.
Totaling 1.38 acres on the block running up to the iconic Lincoln Road, the portfolio includes 1.21 acres or 52,500 square feet of contiguous developable lots with an existing 55,516-square-foot mixed-use/retail structure along Alton Road and an additional 0.17-acre or 7,500-square-foot parking lot on the West Avenue side.
Ronald Meyerson, P.A, Senior VP of Multifamily Sales with Cedano Realty Advisors, represented both parties in the transaction.
CBRE’s Gordon Messinger represented the landlord, MAS*AJP, in the transactions.
The 56,072-square-foot building is located within Miramar Park of Commerce.
The mission-critical facility will soon house approximately 900 employees that facilitate the billing, scheduling and telemedicine services for the healthcare group.
The Cushman & Wakefield team was comprised of Matthew G. McAllister, Chris Metzger, Richard F. Etner Jr., and Christopher Thomson. Pete Sheridan of JLL represented the building’s owner, Prologis.
The pet retailer agreed to an eight year term.
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