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The Innovation Challenge calls for municipalities and counties to partner with higher-education institutions and other strategic partners to consider groundbreaking approaches to build public-private and community partnerships, nurture entrepreneurship and upgrade infrastructure.

Following the CDI process, CTA will develop a request for proposals from potential developers, reflecting the outcomes of the planning process, including community desires and feasible concepts.

The 178,200-square-foot Class A property was sold by Westbrook Partners of New York City. Hines is headquartered in Houston, while Oaktree Capital maintains its headquarters in Los Angeles. Westbrook acquired the property in late 2017 for $72 million.

The deal announced today calls for Hudson's Bay Co. to receive $ $75 million in cash upon the transaction's closing and a secured promissory note for $25 million payable in cash after two years.

Freehold will lease the properties to Curaleaf pursuant to a long-term, triple-net lease. The company also has the right of first offer to purchase additional properties from Curaleaf as its preferred real estate partner.

The 140-acre Chesterbrook Corporate Center, situated off Route 202, is currently more than 80% occupied.