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The firm, which employs approximately 850 total team members is leasing the entire 48,604-square-foot. MPC-25B, located at 10600 Marks Way, which will provide Space Coast Credit Union space for future staffing expansion in its southern markets.
If a deal is consummated, it would likely be the largest leveraged buyout in history as Walgreens Boots has a market value of approximately $56 billion and has nearly $17 billion of debt.
In another significant transaction in the region, Essex Realty Group reports it has brokered the recent $6.025-million sale of the former Maybelline headquarters at 5935 N. Clark St. in Edgewater, IL.
The loan collateralized by Emerson Lofts was provided by New York City-based Madison Realty Capital and allows Manhattan Building Co. to complete the first phase of the fully approved project and fund pre-development on three subsequent phases.
The automobile finance firm will occupy a portion of the third floor of the Class A, 260,382-square-foot building owned by Onyx Equities, which is currently undertaking a capital improvement program.
The Legacy Hotel & Residences will feature 278 residences sitting atop a 255-room hotel. OneWorld Properties will be leading marketing and sales for residences at the hotel that will begin at $300,000.
The 832-foot tall tower building will be the largest building on Michigan Avenue. The $470-million project is being financed by Goldman Sachs. Construction is expected to begin in December.