Earlier this year the building's owner, a venture led by EdwardKaplan, Albert Small, and Steven and Michael Gewirz, inked a lease tooccupy 255,000-square feet--or 66%--of the building, which wasdesigned by Pei Cobb Freed & Partners. It will apply for GoldLEED certification when complete.

|

Financing deals such as this 54-month loan are becomingincreasingly common, Mudd tells GlobeSt.com. "We are definitelyseeing more cluband syndication type structures." Still, though, he adds, itnever would have moved past the finish line if it didn't have astrong location and strong sponsorship.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.