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Scheduled to deliver its first residences in the fall of 2021, Cirrus will be developed simultaneously with Cascade, an adjacent 37-story, 503-unit rental tower.
13 Aaron Way is the largest lot in the White Lake Commerce Park and the only one to feature direct access to rail siding. Tomco Construction plans to construct a modern industrial building on the site.
The New York City-based firm has signed a 15-year lease for 200,000 square feet of space and plans to relocate its corporate operations from Livingston to the Morristown building in late 2020.
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.
Brokerage firm JLL reports it arranged the 30-year, fixed-rate refinancing loan with Barings, on behalf of one of its managed accounts, for Hickory Street Capital.