Leasing

Ecommerce gets the credit, but food and beverage, third party logistics, packaging and manufacturing users are creating a diverse industrial market.

“Leasing activity in both the office and industrial markets remain robust, pointing to a strong close for 2018.” says Dennis Waggner of Colliers International.

"The dynamic of muted wage growth in the low-to-medium skill jobs and a growing middle-class renter cohort leads us to invest in the space that has the highest demand with little to no new supply,” says M. Patrick Carroll, chief executive officer of Carroll Organization.

Consumers are demanding IoT programs, along with technologies that enhance security and property communications with management.

ArchCare and GRACE Communications Foundation have both signed on for an additional 10 years, leasing a total of 40,000 square feet at the Murray Hill building.

In the $46.5 million sale leaseback Union Theological Seminary will remain at 97-101 Claremont Ave. for another five years.