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BEIJING-The interest in the 24-story, 600,000-sf class A office building is being sold to Hyundai Motor Company of Korea and its affiliates, Kia Motors and Hyundai Mobis. Hines and Trust Company of the West purchased the building in 2001 from its developer, Hyundai Engineering & Construction Co. of Korea and its affiliates. It was 40% leased at the time; the price was $95 million.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
May 12, 2026
GlobeSt. will recognize those that drive the sector's performance as the 2026 Influencers in Industrial. Nominate a candidate before the submission deadline on May 27!