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Pebblebrook says the sale price includes the 140-room hotel and the 57,000 square foot fitness center which is fully leased to a third-party tenant until June 2019.
Cory Villaume, pictured, with Sean Doyle, Matt Hazleton, and AJ Prins, were named first vice presidents at CBRE's Capital Markets Group in Minneapolis, MN.
The acquisition and rehabilitation of the Avondale Properties and Alms Hill Apartments will ensure the availability of long-term affordable housing options for the larger Avondale Community
The 12-story 950 Nicollet Mall office block was constructed in 2001 and has been held by Union Investment in its open-ended real estate fund Unilmmo Europa since it was acquired in 2014.
“This is a mission critical location for World Wide Technology, which already has a significant footprint in the St. Louis market,” says Avison Young's Erik Foster.
The Institute of Real Estate Management's Accelerator Webinar does a deep dive into the relationship between demanding clients and third-party managers.
“This lease renewal and expansion illustrates Chicago's position and competitive strength as a top tech market, which has helped drive the growth of companies like Walker Sands,” says JLL's Andy Strand.
The class A office space, high-lease rate, and superior leasing activity over the last 18 months made this purchase very attractive for M&J Wilkow and DRA, says JLL managing director Peter Harwood.