Brookfield Sells Manhattan Building at $100M Discount
The property’s new owner is a longtime New York City electronics retailer.
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The property’s new owner is a longtime New York City electronics retailer.
The post Brookfield Sells Manhattan Building at $100M Discount appeared first on Commercial Property Executive.
The property is fully occupied by two international tenants.
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The firm is slated to relocate to the Tampa office building in 2026.
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This will be the company’s second large-format physical location.
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The acquisition will increase the company’s footprint by more than 10 million cubic feet.
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A media agency will continue to occupy the space for another 17 years.
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Beatty Development Group and Armada Hoffler Properties are behind this project.
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This property previously traded in 2007 for $60 million.
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The flex office space is steps away from Central Park.
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CoreNet Global's latest survey also details how crucial packages are for retention.
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The Northern Virginia property is entitled for up to 2 million square feet of development.
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What new challenges will the green building industry face this year? Skanska EVP weighs in.
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Amazon fully occupies the largest of the four buildings.
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A Northmarq team arranged the $52 million loan.
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What happens next is unclear, but there might be a wave of space coming on the market, and not just in D.C.
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The firm's first Colorado development is scheduled to come online next year.
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The company will occupy the space starting in 2026.
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The deal closed as the building is about to lose two major tenants.
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The sole tenant owned the asset until 2021 and has its headquarters in an adjacent building.
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Seacoast Bank provided construction funds.
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