Northeast

While still a new industry, private equity funds, international capital and large corporations are all increasing their exposure to the data center space.

The building is currently 93% occupied. Its tenant base includes Comcast, PJM, Paychex, CertaPro, Megger, Merkle and Monitorying Analytics.

The sale is part of an initiative announced by Taubman in February to sell its 50% interest in three Asian shopping centers—Starfield Hamam, CityOn.Xi'an (Xi'an, China) and the CityOn.Zhengzhou (Zhengzhou, China).

"Our goal at Glenpointe is to provide tenants with a unique workplace experience that they can't get anywhere else. With each new amenity or improvement project, we are providing our tenants with experiences that are unmatched in the local market," says Ryan Sanzari, COO at Alfred Sanzari Enterprises.

The largest deal was with Mumbai-based information technology firm Tata Consultancy Services, which will expand its workforce by approximately 700 jobs, bringing its New Jersey workforce to roughly 4,700 employees.

"You have to get control of all of the parcels, or you are asking for a world of pain."

Health care is a strong sector that promises to be resilient in the next recession, but there are a lot of pitfalls for those without experience.

The ULI/PWC report details why real estate remains desirable to investors even with some economic uncertainty.