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There has been a drastic shift from the traditional on-campus hospital setting into outpatient facilities within communities, says R.J. Sommerdyke of Meridian.
The transaction, according to Cushman & Wakefield, for the full-building lease involved the negotiation of a lease termination with existing tenant, Sun Pharmaceutical, and the arrangement for the purchase of in-place research and development infrastructure.
Major café Blue Bottle Coffee will occupy 953 square feet of retail space at the base of the tower beginning in the fourth quarter of 2019 under a 15-year lease.