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David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
AUSTIN, TX—A total of 226,398 square feet on 12.5 acres in North and Northwest Austin are represented in the transaction. Buyer is California-based PS Business Parks.
EL SEGUNDO, CA—The office and industrial properties' tenants include such household names as Comcast Cable Holdings, GE Aviation, Westinghouse Electric and others, and the weighted-average remaining lease term exceeds nine years. Key Bank Real Estate Capital represented the borrower on this financing
LONDON—Comprising over 570,000 square feet in three separate deals, the new assets bring Cornerstone's UK light industrial portfolio to a total of around 2.5 million square feet.