Boston has surpassed Manhattan in terms of under-construction office stock, with life sciences bolstering the metro's large pipeline.
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The property was 91 percent leased at the time of sale.
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The building sold for $972 per square foot.
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The metro was one of the 10 U.S. markets for office deliveries in 2022, according to CommercialEdge.
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The 454,600-square-foot distribution center came online last month.
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Completion of the $146 million project is slated for 2024.
The post Wildflower JV Secures $94M for Queens Logistics Development appeared first on Commercial Property Executive.
Terranova President Mindy McIlroy on creativity, retail real estate trends and pushing boundaries.
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The Stamford, Conn., buildings recently underwent upgrades.
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Duke Realty sold the Rickenbacker Global Logistics Park facility.
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With customization of the facility, the new owner’s investment will total $52 million.
The post Scannell Sells South Carolina Spec Industrial Asset appeared first on Commercial Property Executive.
The two assets are in metro Phoenix and Dallas-Fort Worth.
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The new owner plans to further modernize the campus.
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McCarthy Building Cos. is doubling its local footprint with a 13,000-square-foot commitment.
The post Shorenstein Inks Office Lease in Denver appeared first on Commercial Property Executive.
Completed in 2020, the neighborhood center traded for $22.7 million.
The post Longpoint Buys Inland Empire Retail Asset appeared first on Commercial Property Executive.
Launched as a spec development, the building secured a tenant before completion.
The post Trammell Crow Wraps Phase 2 of 1.5 MSF Inland Empire Project appeared first on Commercial Property Executive.
Both industrial buildings are fully occupied.
The post ViaWest Gets $41M for Phoenix-Area Assets appeared first on Commercial Property Executive.
Brennan Investment Group sold the two-building, recently completed property.
The post Westcore Pays $52M for Salt Lake City Industrial Asset appeared first on Commercial Property Executive.
Groundbreaking for the 200-acre campus is scheduled for later this year.
The post $1B Battery Recycling Plant Eyed in South Carolina appeared first on Commercial Property Executive.
Reactions were mixed, with some seeing a clear silver lining in Jerome Powell's signals.
The post CRE Sizes Up Fed’s Latest Rate Hike appeared first on Commercial Property Executive.
Nordstrom Rack and Chick-fil-A are taking some 40,000 square feet.
The post CIM Group Secures 2 Retail Leases in San Antonio appeared first on Commercial Property Executive.
