The lease represents the first transaction since the company purchased the property in a $51 million portfolio deal.
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The Fortune 500 company will occupy the entire top floor of the building.
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The metro has one of the smallest pipelines in the country, according to CommercialEdge.
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The company has been a tenant at the 24-story building since 2021.
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The building serves as headquarters for an Exelon subsidiary.
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The tenant occupies two full floors at the 55-story high-rise.
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All properties are located in the Southeast.
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This is the company's 11th coworking location.
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The new location is slated to open this fall.
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There's good reason for the debt markets to stay the course—with eyes wide open.
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Expanding state and local climate rules are no longer a given.
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Changes in market dynamics warrant an evaluation of review triggers and underwriting processes.
The post It’s Time to Reevaluate Your CRE Portfolio appeared first on Commercial Property Executive.
There is marked resurgence in real estate fundamentals and investor confidence.
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This historic Philadelphia property was previously a high school.
The post Onicx Group Acquires 72 KSF Medical Office Facility appeared first on Commercial Property Executive.
This Phoenix facility marks the first phase of a 1 million-square-foot development.
The post XNRGY Delivers 1st US Manufacturing Plant appeared first on Commercial Property Executive.
The facility spans 210,000 square feet.
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Zions Bank initially provided the $41 million note.
The post Hines Extends, Amends Loan for Austin Office Building appeared first on Commercial Property Executive.
The buyer plans to reposition the property.
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New York City and Miami are front-runners as markets recover, according to Placer.ai.
The post Return-to-Office Mandates Start to Clock In appeared first on Commercial Property Executive.
Top experts discuss all facets of AI use at a pivotal moment for both CRE and tech.
The post There’s More AI in Investment Than Meets the Eye: Roundtable appeared first on Commercial Property Executive.
